Spot Bitcoin exchange-traded funds (ETFs) in the United States saw outflows of $242.53 million on Tuesday, recording their largest single-day net outflows since September 3 and ending an eight-day streak of net inflows.
Bitcoin interrupts continuous net inflows
Fidelity’s FBTC spot Bitcoin ETF saw the largest outflows at $144.67 million, according to SoSoValue data. ARKB, co-launched by Ark and 21Shares, was next with $84.35 million in net outflows, the fund's largest outflow since Aug. 27. Bitwise’s BITB also saw a net outflow of $32.7 million, while VanEck reported a net outflow of $15.75 million. Grayscale’s GBTC, the second-largest spot Bitcoin ETF by net asset value, saw a net outflow of $5.9 million.
However, of all 12 ETFs, only BlackRock's IBIT saw net inflows, recording $40.84 million in funds.
Ethereum ETFs also tank
U.S.-based Ethereum spot ETFs recorded net outflows of $48.52 million on Tuesday.
Grayscale's ETHE led the outflow with a net outflow of $26.64 million, while Fidelity's FETH reported an outflow of $24.97 million, marking its largest ever single-day net outflow. Bitwise also saw a net outflow of $895,650 in ETHW.
VanEck’s ETHV recorded a net inflow of $2.74 million, and 21Shares’ CETH also saw a $1.25 million inflow. The remaining four spot Ethereum ETFs saw no flows.
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