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News

Bitcoin Spot ETF Outflows Hit $40.56M on October 9

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Key Points:

  • US Bitcoin Spot ETF outflows hit $40.56M on Oct 9.
  • Ethereum Spot ETF inflow remained at zero for the third time since launch.
The US Bitcoin Spot ETF outflows $40.56 million in net on October 9, 2024, while the Ethereum Spot ETF recorded zero inflows for the third time since its launch.
Bitcoin Spot ETF Outflows Hit $40.56M on October 9

Bitcoin Spot ETF Outflows Surge on October 9

These results reflected heavy outflows from Bitcoin spot ETFs of $40.56 million on October 9 and showed the activity of investors in the crypto market. Ethereum Spot ETF added more to the uncertainty as inflows remained zero for the third time since launching amidst recent fluctuations in the market, according to Sosovalue data.

Read more: Bitcoin Spot ETF Outflows Hit $18.66M Amid Mixed Market Trends

Ethereum Spot ETF Sees Zero Inflows Again

Inflows into Ethereum Spot ETF were zero for the third time since its inception on October 9, while Bitcoin Spot ETF shed $40.56 million. These factors suggest that investors are cautious given unpredictable market fluctuations.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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William

10 October 2024, 14:26:28 GMT +0000

In the fast-paced world of day trading, I've honed my skills for over six years using technical analysis tools and crafting short-term strategies. My expertise isn't from textbooks but from the trenches of online trading communities. I excel at reading chart patterns, applying technical analysis, and mastering risk management. "The market is about probabilities," I declare. As Editor at Coincu, I empower readers with the insights and strategies to conquer the dynamic world of day trading.

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