Yahya 
Following four days of straight inflows attracting more than half a billion dollars, spot Bitcoin exchange-traded funds (ETFs) in the U.S. witnessed net outflows of $52.83 million on Wednesday. Data from SoSoValue shows that most of these outflows came from ARKB of Ark Invest and 21Shares, leading the pack with net outflows of $43.41 million.
Bitwise’s BITB noted $3.95 million exiting the fund while Grayscale’s GBTC tracked with $8.13 million in outflows. On Wednesday, only Grayscale’s Bitcoin Mini Trust recorded net inflows—$2.66 million contributed. The last eight spot Bitcoin funds—BlackRock’s IBIT included—reported no daily flow movement.
With a combined daily trading volume of $1.63 billion, the twelve Bitcoin ETFs help to explain the overall net inflow of $17.44 billion since their introduction.
Comparably, spot Ether ETFs in the United States showed $9.74 million in net withdrawals, signifying the third straight day of declining activity. Reporting $14.66 million in outflows, Grayscale’s ETHE fund led the drop; BlackRock’s ETHA fund managed to add $4.92 million in net inflows.
Daily trading volume for the nine Ether ETFs climbed, rising from Tuesday’s $176.26 million to $221.88 million. These funds, notwithstanding the higher activity, have net outflow of $615.58 million overall since their July introduction.
Commenting on the market movements, SOFA.org Head of Insights Augustine Fan said, “Chairman Powell gave risk markets what they wanted with a 50-basis point cut but also tempered expectations by expressing confidence in the stability of the U.S. economy.” Strong equities performance helped Bitcoin rebound, according to Fan; altcoins gained as general market mood changed.
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