{"id":28541,"date":"2024-09-05T19:00:38","date_gmt":"2024-09-05T16:00:38","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=28541"},"modified":"2024-09-05T16:45:04","modified_gmt":"2024-09-05T13:45:04","slug":"investment-funds-etfs-record-sixth-consecutive-day-of-outflows","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/investment-funds-etfs-record-sixth-consecutive-day-of-outflows\/","title":{"rendered":"Investment Funds (ETFs) Record Sixth Consecutive Day of Outflows!"},"content":{"rendered":"

U.S. spot Bitcoin Exchange Traded Funds (ETFs) saw a negative flow of $37.29 million on Wednesday, marking six straight days of withdrawals.<\/p>\n

The trend of outflows from U.S. spot Bitcoin ETFs continued, as $37.29 million was pulled out of the products on Wednesday, adding to the six-day streak of negative flows.<\/p>\n

U.S. Spot Bitcoin ETFs Lose $37 Million Amid Continued Outflows According to SosoValue data, this extended period of withdrawals has placed pressure on several major Bitcoin ETFs.<\/p>\n

Grayscale’s GBTC, the second-largest spot Bitcoin<\/a> ETF by net assets, led the losses with a net outflow of $34.25 million. Following closely behind was Fidelity’s FBTC, which saw $7.59 million withdrawn. Meanwhile, VanEck’s HODL ETF experienced a $4.91 million outflow.<\/p>\n

In contrast to the general downtrend, Bitwise’s BITB ETF recorded a net inflow of $9.46 million, making it the only fund to attract positive capital during the day. BlackRock\u2019s IBIT, the largest spot Bitcoin ETF, along with seven other ETFs, registered zero inflows or outflows throughout the day.<\/p>\n

Additionally, the total daily trading volume for the 12 spot Bitcoin ETFs dropped from $1.56 billion on Tuesday to $1.41 billion on Wednesday.<\/p>\n

The negative trend extended to Ethereum ETFs as well, which saw net outflows of $37.51 million on Wednesday, marking the second consecutive day of withdrawals.<\/p>\n

Grayscale\u2019s Ethereum Trust (ETHE) took the hardest hit, losing $40.63 million, while the Grayscale Ethereum Mini Trust saw a modest inflow of $3.12 million.<\/p>\n

Much like Bitcoin ETFs, the remaining seven Ethereum ETFs did not record any significant inflows or outflows. The combined trading volume of the nine Ethereum ETFs fell from $163.5 million on Tuesday to $145.86 million on Wednesday.<\/p>\n

You can freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0Telegram<\/strong>\u00a0 ,<\/a>YouTube<\/strong><\/a>\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0news<\/a>\u00a0and updates.<\/em><\/p>\n

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U.S. spot Bitcoin Exchange Traded Funds (ETFs) saw a negative flow of $37.29 million on Wednesday, marking six straight days of withdrawals. The trend of outflows from U.S. spot Bitcoin ETFs continued, as $37.29 million was pulled out of the products on Wednesday, adding to the six-day streak of negative flows. U.S. Spot Bitcoin ETFs<\/p>\n","protected":false},"author":1,"featured_media":27867,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[3094,105,2093,1096],"class_list":["post-28541","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-etfs","tag-ethereum","tag-gbtc","tag-grayscale"],"yoast_head":"\nInvestment Funds (ETFs) Record Sixth Consecutive Day of Outflows! - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/investment-funds-etfs-record-sixth-consecutive-day-of-outflows\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investment Funds (ETFs) Record Sixth Consecutive Day of Outflows! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"U.S. spot Bitcoin Exchange Traded Funds (ETFs) saw a negative flow of $37.29 million on Wednesday, marking six straight days of withdrawals. 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