on October 10 spot Bitcoin 
$60,844 ETFA significant amount of net outflows were observed. While a total outflow of 120.76 million dollars was recorded, there was no inflow during this period. The current chart shows that investors are re-evaluating their positions in spot Bitcoin ETFs as it creates concern in the cryptocurrency market.
Biggest Departures from Blackrock and Fidelity
Blackrock’s Bitcoin ETF IBITattracted attention with an output of $10.83 million. Similarly, Grayscale GBTC$18.52 million from Fidelity FBTC33.79 million dollars were withdrawn from . Co-hosted by Ark and 21Shares ARKB While there was an outflow of $ 30.30 million from its ETF, Bitwise BITB6.16 million dollars came out of . Also Grayscale’s mini Bitcoin ETF BTCAn outflow of 21.16 million dollars was recorded in .
Following these developments, the spotlight Bitcoin The total net asset value of its ETFs fell to $55.15 billion. While there are different opinions about the reasons behind these large outflows, some analysts attribute this situation to the uncertainties in the US economy and volatility in global financial markets.
There was Entry into Spot Ethereum ETFs on the Same Date
on the same date spot Ethereum 
$2,410 ETFThere was a net inflow of 3.06 million dollars. This reveals that a different trend is seen in Ethereum than spot Bitcoin ETFs. There was a significant inflow of $17.85 million into Blackrock’s ETH ETF, while there was a $3.34 million inflow into Grayscale’s mini ETH ETF.
On the other hand, there were outflows of $10.37 million from Grayscale ETH ETF, $3.54 million from Fidelity ETH ETF, and $4.23 million from Bitwise ETH ETF. As a result of all these movements, spot Ethereum The total net asset value of its ETFs was calculated at $6.46 billion.
The recent fluctuations in the cryptocurrency market attract more attention, especially with this activity in spot ETFs. While experts agree that investors’ interest in such products will continue in the short term, they state that the decisions of institutional investors in particular may have significant effects on the market.
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.
