Would you like to receive notifications on latest updates of the following headlines?

Bitcoin ETFs Record $89.7m outflow, Ethereum ETFs lose $15.8m

POSTED ON August 12, 2024 •   BUSINESS & ECONOMY      BY Abiodun Saheed Omodara
Bitcoin l Credit: Nairametrics

The two largest cryptocurrency exchange-traded funds (ETFs) experienced net outflows on Friday. 

The 12-spot Bitcoin ETFs saw a $89.7 million outflow, while the 9-spot Ethereum ETFs witnessed a $15.8 million outflow. 

The Bitcoin ETF outflow came after two consecutive days of inflows, while the Ethereum ETFs recorded their third straight day of outflows. 

Key details include Grayscale's Bitcoin Mini trust leading the Bitcoin ETF inflows, and Blackrock's ETHA leading the Ethereum ETF inflows. 

The total value traded for the day was $1.27 billion, with Bitcoin trading at $61,082, down 17.2% from its all-time high.

Ethereum is currently trading at $2,677, up 1.8% in the last 24 hours, with a high of $2,707 and a low of $2,197. 

The cryptocurrency is 45.1% below its all-time high of $4,878. Despite outflows from their ETFs, both Bitcoin and Ethereum have increased in price value in the last 24 hours, rising by 0.4% and 1.8% respectively.

READ ALSO
Crypto Bridge Exchange Collapse Sparks Urgent Senate Inquiry into Ponzi Schemes
BY Abiodun Saheed Omodara July 10, 2025 0

The Senate initiated an extensive investigation into the surge of Ponzi schemes across the nation, o...

READ ALSO
IMF Commends FIRS for Reforms, Pledges Continued Support
BY Abiodun Saheed Omodara July 10, 2025 0

The International Monetary Fund has expressed its support for the ongoing reforms at the Federal Inl...

READ ALSO
FG Urges Judiciary to Strengthen Capital Market for Economic Growth
BY Abiodun Saheed Omodara July 8, 2025 0

The Federal Government has called on the judiciary to take a proactive role in strengthening the cap...

READ ALSO
Reinventing Nigeria’s Fiscal Framework: A Call for Unity and Responsibility
BY Abiodun Saheed Omodara July 8, 2025 0

President Bola Tinubu has emphasized his government's dedication to allocating sufficient resources...

READ ALSO
CBN Mandates Capital Restoration Plans for Banks: A Step Towards Regulatory Compliance
BY Abiodun Saheed Omodara July 8, 2025 0

The Central Bank of Nigeria has instructed banks to provide a capital restoration plan as part of it...

READ ALSO
Two Men Charged in CBEX Investment Scheme Remain in Custody
BY Abiodun Saheed Omodara July 8, 2025 0

A Federal High Court in Abuja has placed two businessmen, Aweruso Otorudo and Chukwuebuka Ehirim, in...

READ ALSO
Nigerian States Accumulate N417.7 Billion in Domestic Debt Amid Rising FAAC Revenue
BY Abiodun Saheed Omodara July 7, 2025 0

At least 10 Nigerian states have cumulatively increased their domestic debt by N417.7 billion from t...

READ ALSO
Tinubu Pledges to Eliminate Bureaucratic Hurdles in Agriculture During Bilateral Talks with Brazil
BY Abiodun Saheed Omodara July 6, 2025 0

President Bola Tinubu expressed his commitment on Saturday to his Brazilian counterpart, Luiz Inacio...

OUR CHANNELS:

IRCC Raises Minimum Proof of Funds for Immigrants: New Threshold Set at CAD $15,262
BY Abiodun Saheed Omodara July 10, 2025 0

Immigration, Refugees and Citizenship Canada (IRCC) has initiated a review of the settlement fund cr...


Nigeria Urges U.S. to Reassess New Visa Restrictions Amid Concerns Over Reciprocity
BY Abiodun Saheed Omodara July 10, 2025 0

The government of President Bola Tinubu has called on the U.S. government to reassess its visa restr...


Vigilante Leader Vows to Continue Fight against Banditry Despite Heavy Losses
BY Abiodun Saheed Omodara July 10, 2025 0

A vigilante leader in Wase Local Government Area of Plateau State, Abdullahi Hussaini, has pledged t...


JAMB Reports Surge in Exam Malpractices, Two Arrested in Katsina
BY Abiodun Saheed Omodara July 10, 2025 0

Data released by the Joint Admissions and Matriculation Board at its 2025 policy meeting on Tuesday...


Rio Ferdinand Urges Manchester United to Secure Victor Osimhen Amidst Transfer Rumors
BY Abiodun Saheed Omodara July 10, 2025 0

Former Manchester United captain Rio Ferdinand has once again advised the club regarding their searc...


Ex-D’Tigers coach Brown sets goals for new job
BY Abiodun Saheed Omodara July 9, 2025 0

The former head coach of the Nigerian men's national basketball team, D'Tigers,Mike Brown,has s...


U.S. Reduces Visa Duration for Nigerians to Three Months
BY Abiodun Saheed Omodara July 10, 2025 0

The U.S. Department of State has changed its five-year visa policy for Nigerians applying for non-im...


JAMB Sets 2024 Cut-Off Marks for Tertiary Institutions
BY Abiodun Saheed Omodara July 10, 2025 0

The Joint Admissions Matriculation Board announced the admission cut-off marks for universities, pol...


Federal Government Launches Exclusive Passport Office for Senior Officials
BY Abiodun Saheed Omodara July 10, 2025 0

ABUJA, Nigeria - The federal government on Tuesday, inaugurated a new passport front office in Abuja...


African Democratic Congress Claims Government Coercion to Weaken Opposition Coalition
BY Abiodun Saheed Omodara July 9, 2025 0

The African Democratic Congress (ADC) has accused President Bola Tinubu’s administration of ta...


More Articles

Load more...

Menu