ETH and BTC ETF Dem Place Total Pass $1B
Ethereum and Bitcoin spot ETFs dem don record combined outflows wey pass $1 billion for late August and early September. For August 29, Ethereum ETFs see $165 million wey people withdraw from nine spot products, while Bitcoin ETFs get $127 million outflows, dis one show say people dey take profit and balance their portfolio near key levels. By September 5, net redemptions come sharp: Ethereum ETFs lose $446.8 million and Bitcoin ETFs lose $160.1 million, make total ETF outflows reach $606.9 million that day. These ETF outflows dey show say spot price go pressure down for short term and investors mind dey change because market dey volatile. Crypto traders suppose dey watch daily ETF flows, spot price movement, and big economy moves well well. If withdrawals continue, e fit make bearish momentum strong, but if e turn around, e fit mean say chance dey to buy. To sabi ETF outflows trend na important for good trading plans.
Bearish
Plenti net redemption dem from Ethereum and Bitcoin ETFs mean say institutional people dey collect profit and dey manage risk. For short term, if ETF outflow continue, e fit make sellers pressure for spot market increase, wey fit push price down. Historically, ETF flow cycles fit change, but if withdrawals dey continue, e fit make bearish momentum strong. Traders fit see dis as signal to hold conservative positions or wait for better chance to enter when flow balance again.