Spot Bitcoin ETFs experienced significant outflows totaling $812.25 million, marking the second-largest single-day loss in their history. This decline, primarily driven by Fidelity and ARK Invest, reversed a week of positive gains and pushed cumulative net inflows to $54.18 billion, with total assets under management dropping to $146.48 billion, reflecting 6.46% of Bitcoin's market cap. Fidelity's FBTC led with $331.42 million in redemptions, while ARK's ARKB witnessed $327.93 million drawn out. In contrast, Ether ETFs ended a 20-day inflow streak with an outflow of $152.26 million, totaling assets under management at $20.11 billion, or 4.70% of Ether’s market cap. Grayscale’s ETHE experienced the largest loss within Ether ETFs, shedding $47.68 million, followed by Bitwise’s ETHW with a $40.30 million drop. Despite these outflows, trading volumes remained elevated, emphasizing ongoing interest. The recent fluctuations in Ether ETFs have been attributed to corporate accumulation of Ether, which is reportedly happening at double the rate of Bitcoin. This trend potentially augurs well for Ether's price, with predictions suggesting it could exceed $4,000 by year-end.

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