<ul><li>On 1 Oct 2024, the Bitcoin market faced a significant capital outflow from Bitcoin spot ETFs, with a total net outflow of $243 million.</li><li>Fidelity's FBTC led the outflows with $144 million, followed by ARK's ARKB with $84.35 million in withdrawals.</li><li>The Ethereum spot ETF market also saw a net outflow of $48.519 million, with ETHE and FETH facing outflows of $26.64 million and $24.97 million, respectively.</li><li>The sudden outflow of capital caused Bitcoin's trade price to decline by nearly 5%, while Ethereum's trade price dropped by almost 7%. However, analysts believe this to be temporary and anticipate a bullish rally.</li></ul>

Bitcoin Spot ETFs Market See $243M Net Outflow, More Outflow Coming?

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