U.S. spot bitcoin exchange-traded funds saw outflows of $91.76 million on Wednesday, extending their streak of negative flows to two consecutive days.
Ark and 21Shares’ ARKB led the outflows on Wednesday with $60.28 million leaving the product. Grayscale’s GBTC, the second-largest spot bitcoin ETF by net assets, recorded $27.31 million in net outflows.
BlackRock’s IBIT, the largest spot bitcoin ETF, reported net outflows of $13.74 million, marking its first daily outflows since Sept. 9. Bitwise’s BITB experienced outflows of $11.51 million, while the seven other spot bitcoin ETFs logged zero flows.
The total trading volume for all these ETFs shrank to $1.66 billion on Wednesday, down from $2.53 billion on Tuesday.
BlackRock’s ETHA saw $18.04 million flow into the fund, while Franklin Templeton’s EZET reported net outflows of $1.81 million.
The Grayscale Ethereum Trust (ETHE) was the only spot ether ETF to record negative flows, with outflows of 5.4 million. The six other spot ether ETFs saw zero flows.
These nine ETFs’ total trading volume decreased to $197.82 million on Wednesday, down from $290.81 million on Tuesday.
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