CandleFocus

Crypto ETF Report: iShares, Fidelity, WiseOrigin, Grayscale & ARK21Shares Face $41.20M Decline

Crypto ETF Report: iShares, Fidelity, WiseOrigin, Grayscale & ARK21Shares Face $41.20M Decline
In the past 30 days, the crypto ETF market saw significant outflows of $41.20 million, reducing the total assets under management (AUM) to $113.74 billion. Bitcoin ETFs still hold the largest AUM at $104.4 billion, while Ethereum ETFs have an AUM of $9.2 billion. Despite the overall outflows, Bitcoin ETFs saw an inflow of $22.1 million, showing continued investor confidence. However, Ethereum ETFs experienced a decline as investors withdrew $63.3 million. The growing gap between Bitcoin and Ethereum is attributed to institutional adoption of Bitcoin as a long-term value storage and Ethereum's need to deal with regulations and network development. Despite the outflows, the crypto ETF market remains strong, and future growth will depend on economic developments, regulatory changes, and market acceptance.

Related News