Crypto Stocks Drop Amid ETF Outflows and Debate
Crypto Stocks Drop Amid ETF Outflows and Debate
Crypto Stocks Drop Amid ETF Outflows and Debate
News summary

On September 11, 2024, Bitcoin and Ethereum ETFs in the US experienced net outflows, with Bitcoin ETFs seeing a combined outflow of $43.97 million and Ethereum ETFs $542,870. ARK 21Shares’ ARKB had the largest Bitcoin ETF outflows at $54 million, while VanEck's ETHV led Ethereum ETF outflows with $1.7 million. Despite these outflows, trading volumes for both Bitcoin and Ethereum ETFs increased. The U.S. presidential debate impacted crypto markets, with Bitcoin prices falling nearly 4% during the debate but partially recovering afterward. Crypto-linked stocks like Coinbase and MicroStrategy also experienced dips but later rebounded. Concerns have been raised over Tether's role in illicit transactions, with $190 billion changing hands daily, undermining U.S. sanctions.

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Last Updated
5 days ago
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25% Center

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