Bitcoin ETFs faced a dramatic $242.6 million outflow as geopolitical tensions sent shockwaves through the crypto market.
Ethereum ETFs also declined, with cumulative outflows totaling $48.6 million as of the 1st of October.exchange-traded funds experienced a notable reversal, marking a record outflow.On the 27th of September, inflows reached an impressive $494.4 million; however, by the 1st of October, eleven U.S. spot
Iran’s missile strikes in retaliation for Israel’s actions against Hezbollah have fueled market uncertainty, leading to significant sell-offs. While most Ethereum ETFs reported zero flows, 21Shares’s CETH and VanEck’s ETHV bucked the trend, posting inflows of $1.2 million and $2.7 million, respectively.Needless to say, the impact of escalating tensions in the Middle East extended beyond ETFs, affecting the entire cryptocurrency market.
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