📢Spot Bitcoin and Ethereum ETFs Shed Millions in Friday Trading 📢
During Friday’s trading sessions, U.S. spot bitcoin and
ethereum exchange-traded funds (ETFs) experienced significant outflows,
with $89.73 million exiting the BTC ETFs and $15.71 million flowing out of the ETH ETFs.
Bitcoin and Ethereum ETFs See Reductions
Revealed that the 12 spot bitcoin ETFs collectively saw $89.73 million
in outflows on Friday, reducing the total net inflows since Jan. 11,
2024, to $17.34 billion. The biggest hit came to Grayscale’s
GBTC, which dropped $77 million, followed by Fidelity’s FBTC losing
$19.85 million, and Bitwise’s BITB shedding $18.14 million.
On the brighter side, Grayscale’s Mini Bitcoin Trust, labeled “BTC,” topped the charts with $15.61 million in fresh inflows. Blackrock’s
IBIT followed closely, pulling in $9.65 million by Friday afternoon.
Meanwhile, funds like HODL, BRRR, BTCO, EZBC, BTCW, and DEFI remained
steady, with no changes in their inflows or outflows. This activity
pushed the total value of the 12 funds’ net BTC reserves down to $55.11 billion, now accounting for 4.6% of BTC’s market cap.
That ethereum ETFs saw a $15.71 million decrease, primarily driven by
Grayscale’s ETHE, which suffered a $41.68 million outflow. However,
there were gains elsewhere: Blackrock’s ETHA attracted $19.64 million,
Fidelity’s FETH added $3.89 million, and Grayscale’s Mini Ethereum
Trust, or “ETH,” saw $2.44 million in positive inflows.
