$438M Bitcoin ETF Outflows Reflect Investor Shift Toward Ethereum

Quick Summary:

This shift in the crypto market saw total outflows of approximately $438.4 million, suggesting a change in investor sentiment towards Bitcoin as a long-term investment.

Bitwise’s BITB had the largest outflows on Monday, losing over $280.7 million in investor funds.

Bitcoin ETFs saw significant outflows on Monday, ending a five-day inflow streak.

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Article Details

Author / Journalist: Coin Edition

Category: Crypto

Markets: IndiaAustraliaCanadaGermanyHong KongSwedenSwitzerland

Topics: Market News Ethereum ETF Market Analysis Bitcoin ETF Market News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-26 @ 13:13:00 (11 hours ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 152 words

Reading Time: 1 minutes read

Sentences: 53 lines

Sentence Length: 3 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 23889051

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 13 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #124

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