👉👉👉 US spot #BitcoinETFs see third straight day of outflows with $54 million exiting
On Thursday, U.S. spot Bitcoin exchange-traded funds (ETFs) reported net outflows of $54.13 million, marking the third consecutive day of negative flows. Over the past three days, cumulative outflows have surpassed $388 million.
Leading the outflows was Ark Invest and 21Shares’ ARKB, which saw $57.97 million in net outflows, according to SoSoValue data. Fidelity’s FBTC also experienced significant outflows, with $37.21 million exiting the fund.
However, #BlackRock’s #IBIT led the inflows with $35.96 million on Thursday, followed by $2.65 million into Bitwise’s BITB and $2.44 million into Invesco’s BTCO. The remaining seven funds, including Grayscale’s GBTC, reported no inflows or outflows.
In total, spot Bitcoin ETFs recorded $1.13 billion in trading volume on Thursday, a drop from the previous day’s $1.66 billion. Since their launch in January, these funds have accumulated total net inflows of $18.47 billion.
Ether ETFs Experience Outflows
- Spot #EthereumETFs in the U.S. reported $3.2 million in net outflows. Grayscale’s ETHE led the decline with $14.69 million in outflows, while Fidelity’s FETH saw $587,090 exit the fund.
On the flip side, BlackRock’s ETHA recorded $12.08 million in net inflows, partially offsetting the outflows. The remaining six Ether ETFs reported no activity.
- The nine Ether ETFs posted $115.66 million in trading volume on Thursday, down from $197.82 million the day before. Since their launch in July, the funds have seen cumulative net outflows of $561.05 million.
- As of Thursday, Bitcoin’s price dropped 0.85% to $60,959, while Ethereum fell 1.38% to $2,366, according to The Block’s crypto price data.
Source - theblock.co
