Bitcoin and Ethereum exchange-traded funds (ETFs) saw notable outflows on September 2. Bitcoin ETFs recorded a net outflow of 648 BTC, equivalent to $72.22 million. ARK21Shares was a major contributor, with an outflow of 665 BTC, valued at $74.1 million, leaving it with a total holding of 43,054 BTC, worth approximately $4.8 billion.
Similarly, Ethereum ETFs experienced a net outflow of 11,731 ETH, amounting to $51.09 million. Fidelity was responsible for the entire outflow, reducing its holdings to 785,598 ETH, valued at $3.42 billion. These movements reflect significant investor activity in the cryptocurrency ETF market.
Bitcoin and Ethereum ETFs Experience Significant Outflows
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