“ETFs in Free Fall: Bitcoin and Ether ETFs Suffer Heavy Losses”
Ah, the joys of investing in cryptocurrency ETFs! 🤑 It’s like playing a game of musical chairs, but instead of chairs, it’s a mad dash to exit the market before it’s too late. 😱
Bitcoin ETFs Extend Losing Streak, Because Who Needs Gains When You Can Have Losses?
It seems that bitcoin ETFs are having a bit of a meltdown, with a whopping $158 million exit on the first day of April. Ah, the thrill of watching your investments evaporate into thin air! 🎉
Ark 21shares’ ARKB led the charge, with a substantial $87.37 million outflow. Fidelity’s FBTC wasn’t far behind, with $85.35 million in redemptions. And, of course, Grayscale’s GBTC and Wisdomtree’s BTCW also got in on the action, with outflows of $10.07 million and $6.76 million, respectively. 🤑
But wait, there’s more! Bitwise’s BITB managed to pull in a paltry $24.53 million, while Franklin’s EZBC added a whopping $7.39 million. Ah, the thrill of watching your investments grow, but only slightly! 😊
At the end of the trading day, bitcoin ETF net assets stood at a whopping $95.45 billion, with total trading volume surging to $2.09 billion. Because who needs stability when you can have volatility? 🤪
And, of course, ether ETFs also got in on the action, with a $3.58 million outflow. Grayscale’s ETH led the decline, losing a staggering $2.7 million, while Bitwise’s ETHW shed a mere $2.6 million. Ah, the joys of investing in a market that’s as predictable as a rollercoaster ride! 🎠
A modest $1.72 million inflow from 21shares’ CETH wasn’t enough to change the tide, as total net assets for ether ETFs settled at a mere $6.54 billion, with daily trading volume reaching a whopping $194.11 million. Because who needs stability when you can have excitement? 🎉
With crypto markets facing macroeconomic uncertainty and renewed investor caution, the ETF space continues to see capital flight. Bitcoin ETFs are now navigating a renewed sell-off, while ether ETFs struggle to break out of their long-term downtrend. The question remains: How long will the sell-off last? 🤔
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2025-04-02 22:58