spotlight in the USA Bitcoin 
$61,635 And Ethereum 
$2,471 ETFs turned negative after 9 days as Iran-Israel tensions increased. This trend reveals investor sentiment in the cryptocurrency market and investors’ risk perception. As a result, while there was a large-scale outflow of money from spot ETFs, the only company that received investment from the fund during this period was BlackRock, the world’s largest asset management company.
$242 Million Outflow from Spot Bitcoin ETFs
Geopolitical developments in recent weeks have created significant fluctuation in the cryptocurrency market. Investors’ risk aversion has increased, resulting in spot Bitcoin ETFIt had a negative impact on them.
Increasing tension between Iran and Israel spot Bitcoin ETFIt led to a sharp decline in . Especially after 9 days of inflows, there was a total outflow of 242 million dollars from ETFs. This shows that investors are moving away from risky assets in an environment of uncertainty. However, as a remarkable development BlackRock‘s spot Bitcoin ETF IBIT saw inflows of $40 million during this challenging period.
On the other hand, significant money outflows were observed from ETFs of other large investment companies. For example Fidelity $144 million from spot ETF, ARK InvestThere was an outflow of 84 million dollars from ‘s spot ETF. This situation shows that the customers of large investment companies are withdrawing by taking positions to avoid risk.
Spot Ehtereum ETFs Also Exited
Outflows in spot Bitcoin ETFs in the US spot Ethereum ETFIt was also seen in . According to the data, there was an outflow of $48.5 million from spot Ethereum ETFs. This outflow is an important indicator that reflects investors’ confidence in cryptocurrencies, in parallel with the movements in the market in general.
At the time this news was being prepared, the largest cryptocurrency, BTC, was trading at $61,545, with a decrease of 3.64 percent in the last 24 hours. In the same time period, the altcoin king ETH is trading at $ 2,474, with a decrease of 6.32 percent in the last 24 hours.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
