The post US Bitcoin and Ethereum ETFs face $1 billion outflow amid market dip appeared on BitcoinEthereumNews.com. Spot Bitcoin and Ethereum exchange-traded funds (ETFs) in the United States recorded nearly $1 billion in combined outflows on Aug. 19, extending a current streak of investor withdrawals. These heavy outflows can be linked to the recent price corrections in the crypto market. According to CryptoSlate’s data, Bitcoin price retraced from recent highs to as low as $112,000 during the last 24 hours, which is its lowest level since early August. Notably, Ethereum followed a similar path, dropping over 8% in the past week to trade at roughly $4,200 at the time of reporting. Bitcoin and Ethereum ETF outflows According to SoSoValue data, Bitcoin ETFs bore the brunt of the redemptions, losing $523 million in a single day. Fidelity’s FBTC led the retreat with $246.9 million in outflows, while Grayscale’s GBTC shed $115.53 million. Additional outflows came from Bitwise’s BITB, which saw a $87 million outflow, while Ark 21Shares’s ARKB fund recorded a $64 billion capital exit. Franklin Templeton’s EZET saw the least outflow on the day, with around $3 million leaving the fund. Meanwhile, other Bitcoin ETF products like BlackRock’s IBIT and VanEck’s HODL held steady without registering inflows or outflows. On the other hand, Ethereum ETFs saw similar pressure on the day, recording $422.3 million in redemptions. This marked the second-largest single-day withdrawal since spot Ether funds debuted earlier this year. Fidelity’s FETH lost $156.32 million, followed by Grayscale’s two Ethereum products shedding more than $200 million. Bitwise’s ETHW also recorded significant outflows of over $39 million. Other ETH financial instruments like BlackRock’s ETHA, VanEck’s ETHV, and 21Shares CETH funds lost $15 million. Despite these significant reductions in their assets, the US-based crypto ETFs’ assets under management remain at record levels. According to SoSo Value data, Bitcoin ETFs collectively manage $14.6 billion, while Ethereum ETFs maintain approximately $2.6… The post US Bitcoin and Ethereum ETFs face $1 billion outflow amid market dip appeared on BitcoinEthereumNews.com. Spot Bitcoin and Ethereum exchange-traded funds (ETFs) in the United States recorded nearly $1 billion in combined outflows on Aug. 19, extending a current streak of investor withdrawals. These heavy outflows can be linked to the recent price corrections in the crypto market. According to CryptoSlate’s data, Bitcoin price retraced from recent highs to as low as $112,000 during the last 24 hours, which is its lowest level since early August. Notably, Ethereum followed a similar path, dropping over 8% in the past week to trade at roughly $4,200 at the time of reporting. Bitcoin and Ethereum ETF outflows According to SoSoValue data, Bitcoin ETFs bore the brunt of the redemptions, losing $523 million in a single day. Fidelity’s FBTC led the retreat with $246.9 million in outflows, while Grayscale’s GBTC shed $115.53 million. Additional outflows came from Bitwise’s BITB, which saw a $87 million outflow, while Ark 21Shares’s ARKB fund recorded a $64 billion capital exit. Franklin Templeton’s EZET saw the least outflow on the day, with around $3 million leaving the fund. Meanwhile, other Bitcoin ETF products like BlackRock’s IBIT and VanEck’s HODL held steady without registering inflows or outflows. On the other hand, Ethereum ETFs saw similar pressure on the day, recording $422.3 million in redemptions. This marked the second-largest single-day withdrawal since spot Ether funds debuted earlier this year. Fidelity’s FETH lost $156.32 million, followed by Grayscale’s two Ethereum products shedding more than $200 million. Bitwise’s ETHW also recorded significant outflows of over $39 million. Other ETH financial instruments like BlackRock’s ETHA, VanEck’s ETHV, and 21Shares CETH funds lost $15 million. Despite these significant reductions in their assets, the US-based crypto ETFs’ assets under management remain at record levels. According to SoSo Value data, Bitcoin ETFs collectively manage $14.6 billion, while Ethereum ETFs maintain approximately $2.6…