Positive Streak Ends in US Spot Bitcoin Exchange Traded Funds (ETFs)! Biggest Outflow in Recent Days!

U.S. spot Bitcoin exchange-traded funds (ETFs) experienced a significant outflow of $242.53 million on Tuesday, marking the largest daily net outflow since Sept. 3. The move ended an eight-day streak of positive flows for Bitcoin ETFs.

Spot Bitcoin ETFs Post Their Biggest Outflows Since Early September

Fidelity’s FBTC led the outflow with $144.67 million in funds, according to SoSoValue data. Ark and 21Shares’ ARKB followed closely behind, reporting $84.35 million in outflows, the biggest since Aug. 27.

Other notable outflows included Bitwise’s BITB with $32.7 million and VanEck’s bitcoin ETF with $15.75 million. Even Grayscale’s GBTC, the second-largest spot bitcoin ETF by net assets, saw outflows of $5.9 million.

The exception was BlackRock’s IBIT, the largest spot Bitcoin ETF, which recorded inflows of $40.84 million, making it the only ETF among the top 12 to see positive activity.

Total trading volume in these Bitcoin ETFs rose to $2.53 billion on Tuesday, a significant jump from $1.37 billion on Monday.

Ethereum ETFs Are Also Facing Outflows

Spot Ethereum ETFs in the US were also unaffected by this trend, recording outflows of $48.52 million on the same day.

Grayscale Ethereum Trust led the way with $26.64 million in outflows, while Fidelity’s FETH recorded its largest daily net outflow on record with $24.97 million outflow from the fund. Bitwise’s ETHW reported smaller outflows of $895,650.

However, there were some positive flows in the Ethereum ETF space. VanEck’s ETHV saw net inflows of $2.74 million and 21Shares’ CETH saw inflows of $1.25 million. The other four spot Ethereum ETFs were flat with zero inflows.

*This is not investment advice.