Bitcoin and Ethereum ETFs Record Weekly Outflows of $706M as Investor Caution Rises

The cryptocurrency market has witnessed a new wave of uncertainty after recording record outflows from Bitcoin and Ethereum ETFs. During the first week of September, investors withdrew more than $700 million from these funds, raising concerns about a possible short-term correction. The drop in investments through ETFs, which are considered to be one of the most reliable thermometers for measuring market sentiment, has led many to wonder if the c…

Bitcoin and Ethereum ETFs Record Weekly Outflows of $706M as Investor Caution Rises

On the 6th of September, the US market of exchange-traded funds saw another day with huge outflows. Spot On Chain, a famous on-chain analytics provider, revealed that the Bitcoin ETFs witnessed a massive $170M in outflows while Ethereum ETFs recorded $6M in withdrawals. The analytics platform took to its official X account to offer insights into the present outlook of the ETF market. US #ETF 06 SEP: $170M to $BTC and $6M to $ETH BTC ETF UPDATE …