Spot Bitcoin ETFs Suffer Major Losses

U.S.-based spot Bitcoin ETFs closed the previous day with losses amounting to $91.7 million. The majority of these losses stemmed from three major fund companies. The most significant withdrawal was noted from Ark Invest’s ETF, which saw an outflow of $60 million. Grayscale’s fund followed with a $27 million outflow, while BlackRock’s ETF closed the trading day with a $13 million withdrawal.

contrast, Fidelity’s ETF managed to attract $21 million in investments, demonstrating that some funds still garnered interest despite the general negativity surrounding spot Bitcoin ETFs.

Increased Interest in Spot Ethereum ETFs

Despite the outflows in spot Bitcoin ETFs, spot Ethereum ETFs continued to attract investor attention. Recent data indicated an inflow of $14 million into spot Ethereum ETFs, with BlackRock’s fund leading the charge, receiving $18 million.