spotlight in the USA Bitcoin 
$60,521 ETFs suffered significant losses during the trading day on October 2. In particular, large outflows were seen from the funds of companies such as BlackRock, Ark Invest and Grayscale. In addition, another notable development was that Fidelity’s fund received investment in the same period. Also spot Ethereum 
$2,336 ETFs also continue to attract investors’ attention.
Huge Loss in Spot Bitcoin ETFs
US based spot Bitcoin ETFclosed yesterday with a loss of $91.7 million. Most of these losses came from three large fund companies. The most notable exit was from Ark Invest’s ETF, with an amount of $60 million. Ark Invest‘s fund with an exit of 27 million dollars Grayscale‘s fund followed. BlackRock‘s ETF closed the trading day with an outflow of $13 million.
In response to this FidelityWith a remarkable trend, ‘s ETF managed to receive investments of $21 million. This development has led investors to take some action despite the general negative sentiment towards spot Bitcoin ETFs. fundIt shows that he still cares about them.
Interest in Spot Ethereum ETFs Grows
Despite outflows in spot Bitcoin ETFs spot Ethereum ETF‘s continue to attract the attention of investors. According to yesterday’s data, there was an investment inflow of $14 million into spot Ethereum ETFs. The majority of these inflows were into BlackRock’s spot ETF, and the company’s fund took the leading position with an inflow of $18 million.
These developments on the ETFs side cryptocurrency marketIt shows that interest in different asset classes continues and investors’ trust in Ethereum, in particular, increases. Despite the outflows in spot Bitcoin ETFs, the demand for spot Ethereum ETFs may mean investors are looking to diversify their portfolios.
While the overall cryptocurrency market continues to fluctuate with increasing geopolitical tensions, spot cryptocurrency ETF‘s present a mixed picture for the trend among investors. Trends on the ETF side should be followed carefully as they will continue to play an important role in the future of the cryptocurrency 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.
