Bitcoin ETF Continues Losing Momentum, ETH ETF Records “0” Flow For The First Time Ever!

Author: Elena R

Elena R

Author

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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Aug 31, 2024 12:08

On 30th August, both the ETFs have experienced zero inflow for the first time ever. Notably, 6 out of 11 BTC ETFs have recorded a neutral flow. Grayscale’s “GBTC” has recorded the highest outflow with $70.2 Million, followed by ARK’s “ARKB” with $65 Million. Invesco, Fidelity, and Bitwise are among other losers. With this, the total outflow for the day concluded at -$175.6 Million. On the other hand, all 9 Ethereum ETFs have recorded a neutral flow for the first time since inception.