{"id":30549,"date":"2024-10-06T15:00:59","date_gmt":"2024-10-06T12:00:59","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=30549"},"modified":"2024-10-06T13:55:24","modified_gmt":"2024-10-06T10:55:24","slug":"bitcoin-etfs-report-net-outflows-after-strong-run","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoin-etfs-report-net-outflows-after-strong-run\/","title":{"rendered":"Bitcoin ETFs Report Net Outflows After Strong Run"},"content":{"rendered":"

On Friday, US-based spot bitcoin exchange-traded funds<\/strong> saw a meager daily flow; nonetheless, they completed the week with a net negative outflow for the first time since Sept. 6.<\/p>\n

From $61.21 billion on Sept. 27, one week ago, to $57.73 billion after the week’s outflows and bitcoin’s<\/strong> drop in value from roughly $65,000 on Friday the 27th to roughly $62,000 on Friday, Oct. 4th, the total net assets kept by the funds have dropped.<\/p>\n

Based on SoSoValue data<\/a>, Friday’s funds had a small daily net inflow of $25.6 million\u2014led by a $15.3 million infusion to Bitwise’s BITB fund. With $13.6 million, Fidelity’s Facebook TC logged the second-highest inflow; VanEck’s HODL and Ark & 21Shares tied with $5.29 million.<\/p>\n

\"bitcoin
Source: SosoValue<\/figcaption><\/figure>\n

\u0130lginizi \u00c7ekebilir:<\/p>\n

Recently, Bitwise revealed its intentions to overhaul its three crypto futures exchange-traded funds by using Treasury bonds in an effort to reduce volatility. Bitwise Chief Information Officer Matt Hougan said in a statement, “The goal is to help minimize downside volatility and maybe improve risk-adjusted returns<\/em>.”<\/p>\n

With an outflow of $13.9 million on Friday, Grayscale’s GBTC was the sole fund with which to report outflows. The other money recorded no notable inflows or outflows.<\/p>\n

Based on SoSoValue statistics, Ethereum ETFs<\/strong> closed the week with a net-negative outflow of $30.7 million, even though Friday’s daily inflow was just $7.4 million.\u00a0 BlackRock’s ETHA fund, which registered $14.7 million worth of inflows, drove Friday’s flows. Bitwise’s ETHW recorded $871,000 worth of inflows as well; no other fund observed noteworthy inflows.<\/p>\n

Along with ether’s price drop from over $2,700 on the 27th to roughly $2,400 on the Oct. 4th, offsetting the inflows were $8.2 million in outflows from Grayscale’s ETHE fund.\u00a0 BlackRock’s spot Ethereum fund exceeded $1 billion in net asset value last week; nevertheless, the fund dropped back below that level this past week. SoValue data indicates that it now has assets of $987.6 million.<\/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\u00a0Telegram,\u00a0<\/strong><\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for\u00a0<\/em>the latest\u00a0news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

On Friday, US-based spot bitcoin exchange-traded funds saw a meager daily flow; nonetheless, they completed the week with a net negative outflow for the first time since Sept. 6. From $61.21 billion on Sept. 27, one week ago, to $57.73 billion after the week’s outflows and bitcoin’s drop in value from roughly $65,000 on Friday<\/p>\n","protected":false},"author":6,"featured_media":30552,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[61,534,105,1000],"class_list":["post-30549","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 Report Net Outflows After Strong Run - 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-report-net-outflows-after-strong-run\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin ETFs Report Net Outflows After Strong Run - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"On Friday, US-based spot bitcoin exchange-traded funds saw a meager daily flow; nonetheless, they completed the week with a net negative outflow for the first time since Sept. 6. 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