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  • Zameer Attar
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    Zameer is a financial analyst and writer with a particular interest in cryptocurrency markets. He has been studying cryptocurrencies and their market behavior for several years and deeply understands the factors that affect the price of cryptocurrencies. His expertise lies in his ability to use both technical and fundamental analysis to make informed predictions about the future direction of cryptocurrency prices. He has a strong understanding of market sentiment and uses this to inform his trading decisions and price predictions.

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    Bitcoin ETFs Hit by $94M Outflow Amid Crypto Market Weakness

    Story Highlights
    • Bitcoin ETFs saw an outflow of $94.00 million, while Ethereum ETFs recorded a combined $5.32 million in inflows.

    • Both assets are facing price decline amid concerns over the US-China trade war and tariffs

    On October 15, both US spot ETFs, Bitcoin and Ethereum, experienced a significant decline. Bitcoin ETFs recorded a net outflow of $94.00 million, while Ethereum ETFs saw gains of $5.32 million, as per the SoSoValue report. 

    Bitcoin ETF Breakdown

    Bitcoin ETFs saw an outflow of $94.00 million, marking a notable drop. Only two of its ETFs posted action of sell-offs. Grayscale GBTC recorded $82.90 million, and Invesco BTCO $11.10 million in withdrawals. 

    Neither of the ETFs posted any gains for the session. Its total trading value also dropped to $4.55 billion with total net assets of $152.66 billion. This represents 6.82% of the Bitcoin market cap. 

    Ethereum ETF Breakdown

    Ethereum ETFs recorded a combined $5.32 million in inflows, with two ETFs posting gains. Bitwise ETHW and Fidelity FETH added $12.31 million and $9996.44K, respectively. 

    21Shares TETH was the only ETF to report an outflow of $7.98 million. Its total trading value plummeted to $2.14 billion with total net assets of $27.69 billion, marking 5.66% of the Ethereum market cap. 

    Market Context 

    Bitcoin is trading at $111,584, down 8.2% from last week. Its market cap is $2.22 trillion, with a daily trading volume of $69.47 billion, showing weak market momentum.

    Ethereum is at $4,015, slightly lower than yesterday. Its 24-hour trading volume is $47.22 billion, and its market cap is $483.33 billion, both slightly down.

    The crypto market has been weakening since the October 10 selloff. Concerns over the US-China trade war and tariffs triggered the drop. Geopolitical tensions, overleveraging, and large liquidations have also added pressure. 

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