Bitcoin, Ethereum Outflows: Bearish Sentiment, Altcoin Surge

Bitcoin and Ethereum funds face significant outflows, totaling over $1.17 billion, as investors pull back from major cryptocurrencies. BlackRocks iShares Bitcoin and Ethereum funds, along with Fidelitys Wise Original Bitcoin Fund, experience substantial withdrawals. Futures trading suggests a 64.6% chance of a December rate cut, contributing to uncertainty. European markets, like Germany and Switzerland, show positive inflows, while U.S. exchanges see $1.2 billion in selling. Altcoin funds, particularly Solana, attract consistent positive inflows, indicating growing interest in alternative digital assets.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.