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    Crypto Bloodbath? Bitcoin Drops to $109K as ETF Investors Pull $258M

    Story Highlights
    • Total trading value in Ethereum ETFs surged to $3.31 billion, showing impressive growth from the previous day.

    • Bitcoin ETFs also made comeback with $5.42 billion trading value

    • Market still continues downturn as Bitcoin price drops to $109,302, while Ethereum trades at around $3,944.68

    On September 25, both spot Bitcoin ETFs and Ethereum ETFs recorded heavy outflow, SoSoValue reports. Bitcoin ETFs saw $258.46 million outflow, with only one ETF reporting inflow, while Ethereum ETFs posted $251.20 million with no inflow. 

    Bitcoin ETF Breakdown 

    Bitcoin ETFs posted a net outflow of $258.46 million, with Fidelity’s FBTC leading $114.81 million. Bitwise BITB, Ark & 21Shares ARKB, and Grayscale GBTC also saw heavy selling pressure of $80.52 million, $63.05 million, and $42.90 million, respectively. 

    Grayscale BTC and VanEck HODL reported sell-offs of $15.49 million and $10.08 million. Franklin EZBC and Valkyrie BRRR recorded the smallest withdrawals of the day with $6.35 million and $4.96 million. Only one ETF, BlackRock IBIT, saw gains of $79.70 million. 

    The total trading value on Thursday reached $5.42 billion, marking a huge comeback. Net assets came in at $144.35 billion, representing 6.64% of the Bitcoin market cap. 

    Ethereum ETF Breakdown 

    The US Ethereum ETFs recorded a strong outflow of $251.20 million, significantly higher than the previous day. Fidelity FETH led with $158.07 million, followed by Grayscale ETHE $30.27 million. Other ETFs like Bitwise ETHW and Grayscale ETH also experienced moderate outflows of $27.60 million and $26.14 million. 

    The rest of the ETFs posted a smaller amount of selling, such as Franklin EZET $2.98 million, 21Shares TETH $2.36 million, Invesco QETH $2.34 million, and VanEck ETHV $1.44 million. 

    The overall trading value in Ethereum ETFs surged to $3.31 billion, showing impressive growth from the previous day. Net assets came in at $25.59 billion, marking 5.46% of the Ethereum market. 

    Market Context

    Bitcoin price has dropped to $109,302, signalling a 64.6% plunge compared to a week ago. Its market cap has also dipped to $2.178 trillion, while its daily trading volume rose to $70.59 billion, showing notable progress there. 

    Ethereum is trading at around $3,944.68, with a market cap of $76.280 billion, showing a sharp decline. Its trading volume increased, showing renewed confidence with $58.628 billion. 

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    FAQs

    Why are Bitcoin ETFs seeing large outflows?

    Significant net outflows from major ETFs indicate selling pressure, often driven by short-term profit-taking or negative market sentiment, which can impact Bitcoin’s price.

    How do ETF flows affect Bitcoin’s price?

    Large net outflows can create selling pressure, potentially pushing the price down. Conversely, sustained inflows are typically a bullish signal of investor demand.

    Is the drop in Bitcoin price related to ETF activity?

    Yes, the price drop correlates with major ETF outflows. These flows are a key gauge of institutional sentiment and directly impact market liquidity and price action.

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