The post Bitcoin and Ethereum ETFs Also Experience Record Outflows as Markets Continue to Sharply Correct! “The Second-Biggest Outflow in History!” appeared on BitcoinEthereumNews.com. Due to the US government shutdown being one of the longest in history and the Fed not being able to access important data or providing it late, interest rate expectations for December are falling rapidly. In the face of increasing uncertainty, Bitcoin (BTC) and cryptocurrencies were unable to sustain the recovery provided by NVIDIA and experienced another sharp correction. While Bitcoin fell to $85,000, Ethereum (ETH) fell below $3,000. Bitcoin and Ethereum ETFs face sharp price action This sharp decline was also reflected in ETFs, with Bitcoin and Ethereum ETFs experiencing significant outflows. According to data compiled by TraderT, US spot Bitcoin ETFs experienced a total net outflow of $904 million, marking the second outflow on record. Accordingly, US spot Bitcoin ETFs recorded the second-largest net outflow in history on November 20, totaling $904 million. This figure was second only to the record outflow of $937 million seen on February 25. BlackRock’s IBIT fund led the Bitcoin ETF outflows with $356.3 million, followed by Grayscale’s GBTC fund with $199.4 million. They were followed by Fidelity’s FBTC fund with $190.4 million, Ark Invest’s ARKB fund with $94.4 million, VanEck’s HODL fund with $30.6 million, Bitwise’s BITB fund with $21.2 million, Franklin Templeton’s EZBC fund with $7.5 million, and finally Grayscale’s BTC fund with $4.2 million. Wisdom Tree’s BTCW, Invesco’s BTCO, and Valkyre’s BRRR funds recorded 0 inflows. Ethereum ETFs Also Experienced Outflows! Ethereum ETFs also saw outflows. Spot Ethereum ETFs recorded a total net outflow of $260.6 million, according to data compiled by TraderT. This marks the eighth consecutive trading day of pullbacks. According to the data, BlackRock’s ETHA fund led the outflows with $121.6 million, followed by Fidelity’s FETH fund with $90.5 million. They were followed by VanEck’s ETHV fund with $18.7 million outflow, Grayscale’s Ethereum Trust (ETHE) fund with… The post Bitcoin and Ethereum ETFs Also Experience Record Outflows as Markets Continue to Sharply Correct! “The Second-Biggest Outflow in History!” appeared on BitcoinEthereumNews.com. Due to the US government shutdown being one of the longest in history and the Fed not being able to access important data or providing it late, interest rate expectations for December are falling rapidly. In the face of increasing uncertainty, Bitcoin (BTC) and cryptocurrencies were unable to sustain the recovery provided by NVIDIA and experienced another sharp correction. While Bitcoin fell to $85,000, Ethereum (ETH) fell below $3,000. Bitcoin and Ethereum ETFs face sharp price action This sharp decline was also reflected in ETFs, with Bitcoin and Ethereum ETFs experiencing significant outflows. According to data compiled by TraderT, US spot Bitcoin ETFs experienced a total net outflow of $904 million, marking the second outflow on record. Accordingly, US spot Bitcoin ETFs recorded the second-largest net outflow in history on November 20, totaling $904 million. This figure was second only to the record outflow of $937 million seen on February 25. BlackRock’s IBIT fund led the Bitcoin ETF outflows with $356.3 million, followed by Grayscale’s GBTC fund with $199.4 million. They were followed by Fidelity’s FBTC fund with $190.4 million, Ark Invest’s ARKB fund with $94.4 million, VanEck’s HODL fund with $30.6 million, Bitwise’s BITB fund with $21.2 million, Franklin Templeton’s EZBC fund with $7.5 million, and finally Grayscale’s BTC fund with $4.2 million. Wisdom Tree’s BTCW, Invesco’s BTCO, and Valkyre’s BRRR funds recorded 0 inflows. Ethereum ETFs Also Experienced Outflows! Ethereum ETFs also saw outflows. Spot Ethereum ETFs recorded a total net outflow of $260.6 million, according to data compiled by TraderT. This marks the eighth consecutive trading day of pullbacks. According to the data, BlackRock’s ETHA fund led the outflows with $121.6 million, followed by Fidelity’s FETH fund with $90.5 million. They were followed by VanEck’s ETHV fund with $18.7 million outflow, Grayscale’s Ethereum Trust (ETHE) fund with…