Spot Bitcoin and Ethereum ETFs log joint negative flows
After recording positive consolidation the day before, the US saw Bitcoin and Ethereum exchange rates consolidate on September 11. The outflows saw $43.97 million in cash outflows on September 11, ending two consecutive days of positive financing, as reported by SoSoValue.
Grayscale’s GBTC made a profit of $4.6 million, while the Bitcoin Mini Trust made a profit of around $511,230. Inflows for the day closed at $12.6. Invesco’s BTCO followed with $2.6 million in inflows. The remaining seven BTC ETFs, including BlackRock IBIT, saw no trading during the day. It is worth noting that the largest-holding BTC ETF, IBIT, has not seen profit since August 26. The BTC ETF is valued at around $101.7 million. The total amount of money that has flowed into these funds since their inception has reached $17 billion. According to Crypto.news, as of this writing, Bitcoin
btc
%3.24
Bitcoin is trading at $57,932, up 2.7% over the past day. For example:
As the currency falls, Bitcoin will rise and the market value of fixed income will increase.
Currently, all 9 US-based Ethereum ETFs have recorded money at $542,870 on September 11; VanEck was led by ETHV, which made a profit of $1.7 million. Fidelity’s FETH was the only ETF to record a gain, with an inflow of $1.2 million. However, its output is lower than ETHV’s and cannot cover the total loss. On March 11, trading volume increased from the previous day, reaching $126.2 million. To date, Ether ETFs that have been observed have raised $562.6 million in cash. At press time, Ethereum Ethereum
eth
%2.65
Ethereum was also up 1% at $2,354.
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