{"id":28605,"date":"2024-09-06T18:00:43","date_gmt":"2024-09-06T15:00:43","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=28605"},"modified":"2024-09-06T12:06:44","modified_gmt":"2024-09-06T09:06:44","slug":"bitcoin-etfs-see-211m-in-net-outflows-on-thursday","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoin-etfs-see-211m-in-net-outflows-on-thursday\/","title":{"rendered":"Bitcoin ETFs See $211M in Net Outflows on Thursday"},"content":{"rendered":"

Tracking their seventh straight day of negative flows, spot bitcoin exchange-traded funds<\/strong> in the United States recorded $211.15 million in net outflows on Thursday.<\/p>\n

With $149.49 million, Fidelity’s FacebookTC observed the highest withdrawals among spot bitcoin ETFs<\/strong>, according to data from SoSoValue. BITB from Bitwise followed with net outflows of $30 million. On Thursday, Grayscale’s GBTC and mini trust recorded outflows: $23.22 million for GBTC and $8.45 million for the mini trust, respectively.<\/p>\n

Yesterday’s recorded net inflows for funds revealed none. For the day, the eight other funds\u2014BlackRock’s IBIT included\u2014logged zero flows. From $1.41 billion on Wednesday, the overall daily trading volume for the 12 ETFs dropped much more to $1.35 billion. Since their January introduction, the spot bitcoin funds<\/strong> have attracted overall net inflows of $17.06 billion.<\/p>\n

With roughly $152,720 in net outflows on Thursday, Spot Ethereum ETFs<\/strong> in the United States saw somewhat limited movement of funds. Only the two ether funds<\/strong> of Grayscale showed net flows: ETHE reported $7.39 million in net outflows, while the Ethereum Mini Trust noted $7.24 million in net inflows. Thursday witnessed zero flows for seven other ETFs<\/strong> as well.<\/p>\n

On Thursday, Ether funds<\/strong> also had a smaller daily trading volume\u2014$108.59 million\u2014than the day before\u2014$145.86 million. From their July IPO, the funds have net outflows of $562.31 million overall. Global markets, in the in the meantime, are waiting for Friday’s publication of the most recent U.S. non-farm jobs figures, a vital gauge of the state of the nation’s economy.<\/p>\n

“The reaction to NFP will be subtle and dependent on details<\/em>,” said SOFA.org’s head of insights, Augustine Fan. “The ideal case for equities and BTC will be for a number that is just weak enough, but not so weak to induce instantaneous recession concerns so that the Fed can still be seen as ahead of or ‘on time’ with the economic trajectory.”<\/em><\/p>\n

 <\/p>\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our Telegram,\u00a0<\/strong><\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for\u00a0<\/em>the latest\u00a0news<\/a> and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Tracking their seventh straight day of negative flows, spot bitcoin exchange-traded funds in the United States recorded $211.15 million in net outflows on Thursday. With $149.49 million, Fidelity’s FacebookTC observed the highest withdrawals among spot bitcoin ETFs, according to data from SoSoValue. BITB from Bitwise followed with net outflows of $30 million. On Thursday, Grayscale’s<\/p>\n","protected":false},"author":6,"featured_media":27867,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[61,534,105,1000],"class_list":["post-28605","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-etf","tag-ethereum","tag-ethereum-etf"],"yoast_head":"\nBitcoin ETFs See $211M in Net Outflows on Thursday - 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\/bitcoin-etfs-see-211m-in-net-outflows-on-thursday\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin ETFs See $211M in Net Outflows on Thursday - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Tracking their seventh straight day of negative flows, spot bitcoin exchange-traded funds in the United States recorded $211.15 million in net outflows on Thursday. With $149.49 million, Fidelity’s FacebookTC observed the highest withdrawals among spot bitcoin ETFs, according to data from SoSoValue. BITB from Bitwise followed with net outflows of $30 million. On Thursday, Grayscale’s\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/bitcoin-etfs-see-211m-in-net-outflows-on-thursday\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-06T15:00:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-06T09:06:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/08\/Bitcoin-ETFs-See-17.5B-Net-Inflows-Amid-Strong-Demand.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/bitcoin-etfs-see-211m-in-net-outflows-on-thursday\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/bitcoin-etfs-see-211m-in-net-outflows-on-thursday\/\",\"name\":\"Bitcoin ETFs See $211M in Net Outflows on Thursday - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/bitcoin-etfs-see-211m-in-net-outflows-on-thursday\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/bitcoin-etfs-see-211m-in-net-outflows-on-thursday\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/08\/Bitcoin-ETFs-See-17.5B-Net-Inflows-Amid-Strong-Demand.png\",\"datePublished\":\"2024-09-06T15:00:43+00:00\",\"dateModified\":\"2024-09-06T09:06:44+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\"},\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/bitcoin-etfs-see-211m-in-net-outflows-on-thursday\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/bitcoin-etfs-see-211m-in-net-outflows-on-thursday\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/bitcoin-etfs-see-211m-in-net-outflows-on-thursday\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/08\/Bitcoin-ETFs-See-17.5B-Net-Inflows-Amid-Strong-Demand.png\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/08\/Bitcoin-ETFs-See-17.5B-Net-Inflows-Amid-Strong-Demand.png\",\"width\":1280,\"height\":720,\"caption\":\"Bitcoin ETFs\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/bitcoin-etfs-see-211m-in-net-outflows-on-thursday\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin ETFs See $211M in Net Outflows on Thursday\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\",\"name\":\"Tanju Akb\u0131y\u0131k\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g\",\"caption\":\"Tanju Akb\u0131y\u0131k\"},\"url\":\"https:\/\/coinengineer.net\/blog\/author\/cetanju\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bitcoin ETFs See $211M in Net Outflows on Thursday - Coin Engineer","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinengineer.net\/blog\/bitcoin-etfs-see-211m-in-net-outflows-on-thursday\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin ETFs See $211M in Net Outflows on Thursday - Coin Engineer","og_description":"Tracking their seventh straight day of negative flows, spot bitcoin exchange-traded funds in the United States recorded $211.15 million in net outflows on Thursday. With $149.49 million, Fidelity’s FacebookTC observed the highest withdrawals among spot bitcoin ETFs, according to data from SoSoValue. BITB from Bitwise followed with net outflows of $30 million. On Thursday, Grayscale’s","og_url":"https:\/\/coinengineer.net\/blog\/bitcoin-etfs-see-211m-in-net-outflows-on-thursday\/","og_site_name":"Coin Engineer","article_published_time":"2024-09-06T15:00:43+00:00","article_modified_time":"2024-09-06T09:06:44+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/08\/Bitcoin-ETFs-See-17.5B-Net-Inflows-Amid-Strong-Demand.png","type":"image\/png"}],"author":"Tanju Akb\u0131y\u0131k","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Tanju Akb\u0131y\u0131k","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/coinengineer.net\/blog\/bitcoin-etfs-see-211m-in-net-outflows-on-thursday\/","url":"https:\/\/coinengineer.net\/blog\/bitcoin-etfs-see-211m-in-net-outflows-on-thursday\/","name":"Bitcoin ETFs See $211M in Net Outflows on Thursday - Coin Engineer","isPartOf":{"@id":"https:\/\/coinengineer.net\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coinengineer.net\/blog\/bitcoin-etfs-see-211m-in-net-outflows-on-thursday\/#primaryimage"},"image":{"@id":"https:\/\/coinengineer.net\/blog\/bitcoin-etfs-see-211m-in-net-outflows-on-thursday\/#primaryimage"},"thumbnailUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/08\/Bitcoin-ETFs-See-17.5B-Net-Inflows-Amid-Strong-Demand.png","datePublished":"2024-09-06T15:00:43+00:00","dateModified":"2024-09-06T09:06:44+00:00","author":{"@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546"},"breadcrumb":{"@id":"https:\/\/coinengineer.net\/blog\/bitcoin-etfs-see-211m-in-net-outflows-on-thursday\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coinengineer.net\/blog\/bitcoin-etfs-see-211m-in-net-outflows-on-thursday\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/bitcoin-etfs-see-211m-in-net-outflows-on-thursday\/#primaryimage","url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/08\/Bitcoin-ETFs-See-17.5B-Net-Inflows-Amid-Strong-Demand.png","contentUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/08\/Bitcoin-ETFs-See-17.5B-Net-Inflows-Amid-Strong-Demand.png","width":1280,"height":720,"caption":"Bitcoin ETFs"},{"@type":"BreadcrumbList","@id":"https:\/\/coinengineer.net\/blog\/bitcoin-etfs-see-211m-in-net-outflows-on-thursday\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coinengineer.net\/blog\/"},{"@type":"ListItem","position":2,"name":"Bitcoin ETFs See $211M in Net Outflows on Thursday"}]},{"@type":"WebSite","@id":"https:\/\/coinengineer.net\/blog\/#website","url":"https:\/\/coinengineer.net\/blog\/","name":"Coin Engineer","description":"Btc, Coins, Pre-Sale, DeFi, NFT","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coinengineer.net\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546","name":"Tanju Akb\u0131y\u0131k","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g","caption":"Tanju Akb\u0131y\u0131k"},"url":"https:\/\/coinengineer.net\/blog\/author\/cetanju\/"}]}},"_links":{"self":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/28605","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/comments?post=28605"}],"version-history":[{"count":1,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/28605\/revisions"}],"predecessor-version":[{"id":28606,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/28605\/revisions\/28606"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media\/27867"}],"wp:attachment":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media?parent=28605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/categories?post=28605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/tags?post=28605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}