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Why Are Bitcoin and Ethereum ETFs Declining? Bitcoinhaber 1 week ago

Why Are Bitcoin and Ethereum ETFs Declining? 📉

Ethereum Bitcoin

Bitcoin and Ethereum exchange-traded funds (ETFs) are currently experiencing significant outflows, coinciding with Bitcoin's recent price dip. This has resulted in a decline of Bitcoin's value below the $60,000 mark.

According to data from October 9, there have been net outflows in ten spot Bitcoin ETFs. Collectively, these outflows amount to 105 BTC, which is approximately valued at $6.5 million.

Source: en.bitcoinhaber.net ↗

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