Bitcoin ETF Outflows Hit $370M; Ethereum ETFs Declines Too

The outflow streak for both Bitcoin(BTC) ETF and Ethereum(ETH) ETFs continues to persist, as BTC ETF hits $370M and ETH ETF hits $59.8M respectively.

US Ethereum spot ETFs had a net inflow of $578 Million last week (November 11 to November 15, Eastern Time), and a $63.11 Million outflow. US Bitcoin spot ETFs had a net inflow of approximately $2.44 Billion, and a net outflow of $770.77 million.

Bitcoin ETF flows as of November 15

According to sosovalue, the daily net outflow of the U.S. spot BTC ETF market was $370.10 million, and the cumulative total net inflow now stands at $27.46 billion. The outflows as of November 15 included a $175.11 million withdrawal from Fidelity (FBTC), $108.58 million from Ark & 21Shares (ARKB), $47.04 Million drained from Grayscale(BTC) $22.54 Million from Grayscale(GBTC) and $7.44 million from Bitwise (BITB). Notably, none of the firms witnessed an inflow into BTC ETFs, as of November 15.

At the time of writing, Bitcoin is currently trading at $90,549.26 after a dip of 0.12% in the past day, note that the value has surged by $806 since the morning report.  

Ethereum ETF Flows as of November 15

The daily net outflow of the U.S. spot Ethereum ETF market was $59.87 Million, and the cumulative total net inflow now stands at $178.40 Million. When noted individually, the Grayscale Ethereum Trust ETF( ETHE) had an outflow of $40.30 Million as of November 15.

Fidelity (fETH) witnessed an outflow of $18.44 Million and VanEck(ETHV) witnessed an outflow of $1.12 Million. Yet again, no inflows into ETH ETFs were seen as of November 15.

Ethereum, on the other hand, is trading at $3,115.66 after a surge of 0.12% in the past day.