According to The Block, U.S. spot Bitcoin ETFs recorded a net outflow of $287.78 million on Tuesday. At the time of writing, the price of Bitcoin was down 3.93% at $56,680.

U.S. spot bitcoin exchange-traded funds (ETFs) continued to see negative outflows on Tuesday.

According to SosoValue data, the 12 spot Bitcoin ETFs recorded a net outflow of $287.78 million on Tuesday, the largest negative outflow since May 1. Blackstone’s IBIT, the largest spot Bitcoin ETF, had no flows on the day.

Grayscale’s GBTC, the second-largest spot Bitcoin ETF, saw outflows of $50.39 million, while Fidelity’s FBTC recorded the largest outflow of $162.26 million.

Ark and 21Shares’ ARKB recorded $33.6 million in outflows, and Bitwise’s BITB reported net outflows of $24.96 million. Several other ETFs managed by VanEck, Valkyrie, Invesco and Franklin Templeton also saw small outflows.

The notable outflows came against the backdrop of a market sell-off that saw Wall Street fall sharply on Tuesday on weak U.S. ISM data. The U.S. ISM manufacturing index in August was 47.2%, an increase of 0.4 percentage points from July.

Total spot bitcoin ETF volume was $1.56 billion on Tuesday, compared with $1.54 billion on Friday. U.S. markets were closed on Monday due to a holiday.

Ethereum ETFs Also Experienced Outflows Meanwhile, the U.S. spot Ethereum ETF recorded $47.4 million in net outflows on Tuesday, the largest one-day negative outflow since August 2.

Grayscale Ethereum Trust (ETHE) was the only spot Ethereum ETF to report outflows on the day, with $52.31 million in outflows. Fidelity's FETH recorded a net inflow of $4.91 million. The other seven spot Ethereum ETFs had no flows. Daily volume for these Ethereum ETFs shrank from $173.66 million on Friday to $163.5 million on Tuesday.