Yahya 
With $34.25 million exiting the fund, Grayscale’s GBTC witnessed the most withdrawals among U.S. spot Bitcoin ETFs on Wednesday. This was the sixth day in a run of negative flows throughout the Bitcoin ETF market. Trading at $57,276 at the time of writing, Bitcoin rose 0.97% over the last 24 hours despite the withdrawals.
SosoValue’s data shows that on Wednesday $37.29 million overall left spot Bitcoin ETFs. Along with GBTC’s losses, Fidelity’s FBTC saw $7.59 million in net outflows while VanEck’s HODL noted $4.91 million left the fund. By comparison, Bitwise’s BITB attracted $9.46 million and was the only ETF with net inflows. Seven other ETFs as well as BlackRock’s IBIT, the biggest spot Bitcoin ETF, saw zero daily inflows.
Reflecting the declining market activity, the total daily trading volume for the twelve Bitcoin ETFs dropped to $1.41 billion on Wednesday from $1.56 billion the day before.
With $37.51 million in net withdrawals, U.S. spot Ethereum ETFs likewise saw negative flows for the second straight day of such losses. While the Grayscale Ethereum Mini Trust (ETH) attracted $3.12 million in inflows, the Grayscale Ethereum Trust (ETHE) suffered losses of $40.63 million and carried most of these outflows.
The seven surviving spot Ether ETFs reported no flows in meanwhile. Wednesday’s total trading volume for the nine Ether ETFs fell from $163.5 million the day before to $145.86 million.
Market mood is still wary as Bitcoin and Ethereum ETFs face outflows; experts will be keenly observing if these developments continue in the next days.
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