Yahya 
On Thursday, U.S. spot bitcoin exchange-traded funds (ETFs) had notable net outflows of $71.73 million, therefore extending their outflow run over three straight days. Data from SosoValue shows BlackRock’s IBIT, the biggest spot bitcoin ETF by net assets, recorded $13.51 million in outflows—the first negative flow for the fund since May 1—led the fall.
While Fidelity’s FacebookTC witnessed $31.11 million in net withdrawals, Grayscale’s GBTC followed its outflow pattern and $22.68 million left the fund. Other money was not spared too; Bitwise’s BITB saw $8.09 million in withdrawals while Valkyrie’s BRRR had $1.68 million leaving the fund. Reporting net inflows of $5.34 million, Ark and 21Shares’ ARKB was the only spot Bitcoin ETF to defy the trend.
Indicating a more general slowing in trading activity, the overall daily trading volume for the 12 spot bitcoin ETFs decreased dramatically to $1.64 billion on Thursday, from $2.18 billion the day before.
After a little period of small positive inflows, U.S. spot Ethereum ETFs resumed their negative flow pattern and reported $1.77 million in net outflows on Thursday. Losing $5.35 million, the Grayscale Ethereum Trust (ETHE) was the main force behind these outflows. Net inflows of $3.57 million into the Grayscale Ethereum Mini Trust (ET) somewhat offset this. On Thursday the remaining seven spot ether funds showed little change.
Reflecting lower investor interest in the market, the overall trading volume for the nine spot Ethereum ETFs also dropped, from $151.57 million on Wednesday to $95.91 million.
These patterns draw attention to continuous difficulties in the bitcoin ETF market as investors remain wary in changing market circumstances.
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