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US spot Bitcoin ETFs saw net outflows of $91 million yesterday, with ARKB recording the largest outflow. On Wednesday, US spot Bitcoin exchange-traded funds (ETFs) saw net outflows totaling $91.76 million, marking the second consecutive day of negative flows.
Ark and 21Shares’ ARKB fund saw the largest outflows, at $60.28 million. Grayscale’s GBTC product, the second-largest spot Bitcoin ETF in terms of net assets, saw net outflows of $27.31 million.
BlackRock’s IBIT fund, the largest spot Bitcoin ETF in the market, saw its first daily outflow since September 9, with an outflow of $13.74 million. Bitwise’s BITB fund saw an outflow of $11.51 million, while the other seven spot Bitcoin ETFs saw no inflows. The total trading volume of these ETFs fell to $1.66 billion on Wednesday; this figure was $2.53 billion the day before. Bitcoin fell 0.46% in the last 24 hours to trade around $61,183. Ether, on the other hand, changed hands at $2,391, down 3.77%.
Ether ETFs Record Inflows Meanwhile, spot Ethereum ETFs in the US recorded a net inflow of $14.45 million on Wednesday, following an outflow of $48.52 million the day before.
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BlackRock’s ETHA fund saw an inflow of $18.04 million, while Franklin Templeton’s EZET fund saw a net outflow of $1.81 million.
Grayscale Ethereum Trust (ETHE) was the only spot Ether ETF to record negative flows, seeing an outflow of $5.4 million. The other six spot Ether ETFs recorded zero flows.
The total trading volume of these nine Ether ETFs fell to $197.82 million on Wednesday, down from $290.81 million recorded the previous day.
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