Significant Outflows from Bitcoin and Ethereum ETFs on September 4
9/4/2024 3:36:16 PM
According to @lookonchain, there were notable outflows in both Bitcoin and Ethereum ETFs on September 4. Bitcoin ETFs experienced a net outflow of 5,514 BTC, equivalent to $317.82 million. Fidelity alone saw an outflow of 2,835 BTC, valued at $163.38 million, but still holds a substantial amount of 175,515 BTC, worth $10.12 billion. On the Ethereum side, ETFs had a net outflow of 4,551 ETH, amounting to $11.11 million. Grayscale's Ethereum Trust (ETHE) specifically saw an outflow of 6,412 ETH, valued at $15.65 million, and currently holds 1,800,954 ETH. (Source)
Bitcoin Ethereum ETH BTC Fidelity Grayscale ETHEMore from Lookonchain (@lookonchain): Looking for smartmoney onchain