ARK 21 Shares Lead The ETF Outflow As Bitcoin and Ethereum Lose Momentum!

On 03rd October, both BTC and ETH ETFs recorded a negative flow. Reportedly, 3 out of 11 Bitcoin ETFs experienced a positive flow with Blackrock’s “IBIT” leading with $35.9M. Moreover, 6 ETFs have recorded a neutral flow. Whereas ARK’s “ARKB” loses $58M, followed by Fidelity’s “FBTC” with $37.2M. With this, the total outflow for the day concluded at 54.3M. On the other hand, despite Blackrock’s “ETHA” adding $12M, Grayscale’s “ETHE” lost $14.7M, followed by Fidelity’s “FETH” with $0.6M. With 6 ETFs recording a neutral flow, Ethereum ETF closed the day with a total outflow of $3.3M