The post US Bitcoin and Ethereum ETFs See Nearly $2 Billion Pulled in Four Days appeared on BitcoinEthereumNews.com. Bitcoin Spot Bitcoin and Ethereum exchange-traded funds (ETFs) in the United States faced another wave of redemptions on Aug. 20, marking the fourth straight day of net outflows. The losses highlight how investor sentiment has turned cautious amid recent volatility in the crypto market. Bitcoin ETFs Approach $1 Billion in Outflows According to SoSoValue data, US spot Bitcoin ETFs recorded $311.57 million in redemptions on Aug. 20, bringing their four-day total to almost $1 billion. BlackRock’s iShares Bitcoin Trust (IBIT) once again led the pack, with $220 million withdrawn, equivalent to around 1,940 BTC. Ark 21Shares’ ARKB followed with $76 million in outflows, while Fidelity’s FBTC and Grayscale’s GBTC posted smaller redemptions of $7 million and $8 million, respectively. Despite these withdrawals, trading volumes across Bitcoin ETFs remain elevated, suggesting investors are still active but shifting positions rather than exiting the market entirely. Ethereum ETFs Hit With $925 Million in Redemptions Ethereum ETFs have also been hit hard. On Aug. 20 alone, they shed $240 million, pushing their four-day losses to more than $925 million. BlackRock’s Ethereum fund (ETHA) took the largest hit, with $257 million in withdrawals—roughly 63,280 ETH—making it the fund’s second-largest single-day outflow since launching earlier this year. However, not all issuers suffered losses. Fidelity’s FETH and Grayscale’s mini Ethereum ETF managed to attract a combined $17 million in inflows, partially offsetting the day’s broader redemptions. Weakening Sentiment Amid Market Struggles The steady outflows reflect cooling sentiment in the short term, as both Bitcoin and Ethereum struggle to sustain upward momentum. Over the past week, both assets have slipped from key resistance levels, leading some institutional investors to reduce exposure. Still, market data from CryptoSlate shows BTC and ETH have managed to bounce about 2% in the past 24 hours, suggesting that some traders are buying the… The post US Bitcoin and Ethereum ETFs See Nearly $2 Billion Pulled in Four Days appeared on BitcoinEthereumNews.com. Bitcoin Spot Bitcoin and Ethereum exchange-traded funds (ETFs) in the United States faced another wave of redemptions on Aug. 20, marking the fourth straight day of net outflows. The losses highlight how investor sentiment has turned cautious amid recent volatility in the crypto market. Bitcoin ETFs Approach $1 Billion in Outflows According to SoSoValue data, US spot Bitcoin ETFs recorded $311.57 million in redemptions on Aug. 20, bringing their four-day total to almost $1 billion. BlackRock’s iShares Bitcoin Trust (IBIT) once again led the pack, with $220 million withdrawn, equivalent to around 1,940 BTC. Ark 21Shares’ ARKB followed with $76 million in outflows, while Fidelity’s FBTC and Grayscale’s GBTC posted smaller redemptions of $7 million and $8 million, respectively. Despite these withdrawals, trading volumes across Bitcoin ETFs remain elevated, suggesting investors are still active but shifting positions rather than exiting the market entirely. Ethereum ETFs Hit With $925 Million in Redemptions Ethereum ETFs have also been hit hard. On Aug. 20 alone, they shed $240 million, pushing their four-day losses to more than $925 million. BlackRock’s Ethereum fund (ETHA) took the largest hit, with $257 million in withdrawals—roughly 63,280 ETH—making it the fund’s second-largest single-day outflow since launching earlier this year. However, not all issuers suffered losses. Fidelity’s FETH and Grayscale’s mini Ethereum ETF managed to attract a combined $17 million in inflows, partially offsetting the day’s broader redemptions. Weakening Sentiment Amid Market Struggles The steady outflows reflect cooling sentiment in the short term, as both Bitcoin and Ethereum struggle to sustain upward momentum. Over the past week, both assets have slipped from key resistance levels, leading some institutional investors to reduce exposure. Still, market data from CryptoSlate shows BTC and ETH have managed to bounce about 2% in the past 24 hours, suggesting that some traders are buying the…

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more