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US Bitcoin and Ethereum ETFs face $1 billion outflow amid market dip – TON BOT

US Bitcoin and Ethereum ETFs face $1 billion outflow amid market dip

Bitcoin and Ethereum ETFs in the US saw nearly $1 billion in outflows on Aug. 19 due to recent price corrections in the crypto market. Bitcoin dropped to $112,000, while Ethereum fell to $4,200. Fidelity, Grayscale, and Bitwise were the most affected. Despite the outflows, assets under management for these ETFs remain at record levels. The approval of additional spot crypto ETFs is expected soon, with the SEC reviewing applications for XRP, Solana, Litecoin, and other tokens. Analysts predict a high likelihood of approval for over 90% of these products.


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