US spot Bitcoin exchange-traded funds (ETFs) reported net outflows of $54.13 million on Thursday, marking the third consecutive day of negative flows.
US Spot Bitcoin ETFs Record Third Day of Consecutive Gains, $54 Million in Outflows
Cumulative outflows during this period now exceed $388 million, reflecting a significant shift in investor sentiment.
The biggest outflows were seen in Ark Invest and 21Shares’ ARKB, which lost $57.97 million, according to SoSoValue data. Fidelity’s FBTC also reported significant outflows, with $37.21 million out of the fund.
Meanwhile, BlackRock’s IBIT led the inflows with $35.96 million, followed by Bitwise’s BITB, which recorded $2.65 million, and Invesco’s BTCO, which gained $2.44 million. The remaining seven funds, including Grayscale’s GBTC, reported zero inflows for the day.
Overall, spot Bitcoin ETFs saw total trading volume of $1.13 billion on Thursday, down from $1.66 billion the day before. Despite the recent outflows, these funds have collected net inflows of $18.47 billion since their launch in January.
U.S. spot Ethereum ETFs also saw net outflows on Thursday, with $3.2 million exiting the funds. Grayscale’s ETHE led the outflows, losing $14.69 million, while Fidelity’s FETH saw outflows of $587,090.
However, BlackRock’s ETHA partially offset the losses by recording $12.08 million in inflows, while the other six Ethereum ETFs saw no movement throughout the day.
Ether ETFs reported total trading volume of $115.66 million, down from $197.82 million on Wednesday. Since their launch in July, Ethereum ETFs have reported net outflows of $561.05 million.
*This is not investment advice.
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Source: https://en.bitcoinsistemi.com/negative-series-continues-in-both-bitcoin-etfs-and-ethereum-etfs-how-much-outflow-has-happened-here-are-the-details/