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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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      Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

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    Crypto ETF News: Bitcoin Sees $363M Outflow, Ethereum Drops $76M

    Story Highlights
    • Bitcoin ETF recorded a total net outflow of $363.17 million, while Ethereum ETFs dropped to $75.95 million, with no inflow recorded by ETFs.

    • Fidelity’s FBTC led BTC ETFs ourflow with $276.68 million and Fidelity FETH led with $33.12 million in Ethereum

    • Bitcoin is trading at $112,890, signalling a 2.2% drop compared to a week ago.

    On September 22, neither the spot Bitcoin ETF nor the Ethereum ETFs recorded any inflows. Bitcoin ETFs saw a net outflow of $363 million, while Ethereum ETFs recorded $75.95 million, as reported by SoSoValue

    Bitcoin ETF Breakdown

    Bitcoin ETFs recorded a total net outflow of $363.17 million, with Fidelity’s FBTC leading with $276.68 million. Ark & 21Shares followed with $52.30 million, while Grayscale GBTC withdrew $24.65 million. VanEck’s HOLD also made a small sale of $9.54 million. 

    Overall, the total trading value reached $3.43 billion with total net assets of $148.09 billion, indicating strong user activity with growing confidence in the asset. This represents 6.59% of the Bitcoin market cap. 

    Ethereum ETF Breakdown 

    Ethereum ETFs saw a $75.95 million in daily total net outflow. Fidelity FETH led with $33.12 million, as Bitwise ETHW and Grayscale ETH recorded outflows of $22.30 million and $5.4 million, respectively. BlackRock ETHA also withdrew $15.07 million. None of the nine ETFs recorded any inflow on Monday. 

    The total trading value of Ethereum ETFs reached $2.06 billion, signaling steady market activity and a robust industry position. Net assets came in at $27.52 billion, marking 5.45% of Ethereum’s market cap. 

    Market Context 

    Bitcoin is trading at $112,890, signalling a 2.2% drop compared to a week ago. Its market cap has reached $2.249 trillion, which also dipped this week. Its daily trading volume has crossed $67.205 billion, showing impressive progress there. Ethereum is priced at $4,192.30, with a market cap of $506.155 billion. Its trading volume has jumped to $46.192 billion, reflecting renewed confidence in investors. 

    Both assets continue to benefit from the growing institutional interest in the ETFs. Besides that, the recent interest rate cuts have also led the traders to reposition towards riskier assets, resulting in increased activity in cryptocurrency. 

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    FAQs

    Why did Bitcoin and Ethereum ETFs see large outflows?

    On September 22, both Bitcoin and Ethereum ETFs experienced significant net outflows, totaling $363 million and $75.95 million respectively, as investors repositioned capital after a period of price drops.

    How did interest rate cuts affect crypto ETF trading?

    Recent interest rate cuts encouraged traders to move towards riskier assets. This led to an increase in cryptocurrency trading volume, with Bitcoin’s daily volume reaching over $67 billion and Ethereum’s exceeding $46 billion.

    What was the total value of assets in Bitcoin and Ethereum ETFs?

    On September 22, the total net assets for Bitcoin ETFs stood at $148.09 billion, representing 6.59% of Bitcoin’s market cap. Ethereum ETFs had $27.52 billion in net assets, making up 5.45% of Ethereum’s market cap.

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