On Thursday, U.S. spot Bitcoin exchange-traded funds (ETFs) saw net outflows of $54.13 million, third straight day of negative flows. Combined outflows from Bitcoin ETFs over the last three days have exceeded $388 million.
Based on statistics from SoSoValue, Ark Invest and 21Shares led the withdrawals with $57.97 million in net losses and $37.21 million in outflows respectively. BlackRock’s IBIT fund, on the other hand, brought in $35.96 million followed by $2.65 million into Bitwise’s BITB and $2.44 million into Invesco’s BTCO.
The seven ETFs left—including Grayscale’s GBTC—recorded no notable movement even with the inflows into a couple funds. On Thursday, spot Bitcoin ETFs saw $1.13 billion overall daily trading volume—a notable decline from $1.66 billion the day before. Having started in January, these funds have accumulated net inflows of $18.47 billion overall.
Spot Ethereum ETFs See $3.2 Million in Net Outflows
On Thursday, spot Ethereum ETFs in the United States also suffered net outflows of $3.2 million. With $14.69 million in outflows, Grayscale’s ETHE fund topped the losses; Fidelity’s FESH seen $587,090 quit the fund. These losses were somewhat mitigated, though, by $12.08 million in ETHA inflows for BlackRock.
Down from $197.82 million on Wednesday, the daily trading volume for Ethereum ETFs dropped to $115.66 million. Ethereum ETFs have shown overall net outflows of $561.05 million since their July introduction.
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