Crypto:
32277
Bitcoin:
$94.871
% 3.38
BTC Dominance:
%58.9
% 0.11
Market Cap:
$3.07 T
% 2.13
Fear & Greed:
83 / 100
Bitcoin:
$ 94.871
BTC Dominance:
% 58.9
Market Cap:
$3.07 T

U.S. Spot Bitcoin ETFs Report $54 Million Outflow, Third Straight Day of Losses

Etf, Bitcoin

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.

Spot Ethereum Etf

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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