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Market Cap:
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Fear & Greed:
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Bitcoin:
$ 94.463
BTC Dominance:
% 58.9
Market Cap:
$3.07 T

U.S. Bitcoin ETFs See $81.36M Outflows on Wednesday

Bitcoin Etf, Bitcoin

On Wednesday, U.S. spot bitcoin ETF (exchange-traded funds) had $81.36 million depart the products, therefore breaking their two-day positive flow run.

Data from SosoValue shows BlackRock’s IBIT—the biggest bitcoin ETF by net assets—recorded $2.68 million in net inflows. Franklin’s EZBC had its first net inflows since July 22 at $3.42 million. On Wednesday, they were the only two funds with reported inflows.

With $56.87 million in net outflows, Grayscale’s GBTC reported the most outflows among the funds. Following that were Fidelity’s FacebookTC with $18.05 million, Ark and 21Shares’ ARKB with $6.77 million in net outflows, and Bitwise’s BITB with $5.78 million in net outflows.

On the day, the six other spot bitcoin ETFs noted zero flows.

Wednesday’s overall daily trading volume for all the spot bitcoin funds came at $1.3 billion, up from $1.18 billion on Tuesday.

SosoValue data shows the nine-spot Ethereum ETFs recorded $10.77 million in net inflows on Wednesday, extending their positive flow run to a third consecutive day.

Outflows from the Grayscale Ethereum Trust (ETHE) persisted; $16.95 million left the product. The only place ETF posted outflows was.

After reporting negative flows for two straight days, the second-largest spot ether ETF by net assets, the Grayscale Ethereum Mini Trust (ETH), attracted modest inflows of $2.26 million.

With $16.13 million, BlackRock’s ETHA observed the highest inflows among the ETFs. Bitwise’s ETHW showed $2.67 million in net inflows, while Fidelity’s FET recorded $6.65 million.

The nine ETFs traded $155.91 million overall on Wednesday, far less than $190.76 million on Tuesday and $285.96 million on Monday.

READ:  Bitcoin Futures Ride the Rally, Open Interest Hits Yearly High

 

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