Bitcoin ETF Outflows Reach $462M Amid Price Drop, Contrasted by Ethereum Inflow
Bitcoin Spot ETFs saw significant outflows of $462.73 million between September 8-11, coinciding with a price drop from approximately $79K to $77.3K.
The major outflows came from Grayscale GBTC and Ark Invest's ARKB. In contrast, Ethereum ETFs experienced a substantial inflow of $216.4 million on September 11, led by BlackRock's ETHA.
Despite the outflows, Bitcoin remains dominant due to a bullish investor sentiment indicated by the Crypto Fear and Greed Index in the 'Greed' zone.