Spot Bitcoin Exchange-Traded Funds Report Major Outflows

Spot bitcoin exchange-traded funds (ETFs) in the U.S. reported net outflows of $54.13 million on Thursday, marking the third consecutive day of negative flows. This brings the cumulative three-day outflows to over $388 million.

The largest outflow came from Ark Invest and 21Shares’ ARKB, which recorded $57.97 million in net outflows, according to data from SoSoValue. Additionally, Fidelity’s FBTC saw $37.21 million in net outflows yesterday.

On the contrary, BlackRock’s IBIT led inflows with $35.96 million on Thursday. Bitwise’s BITB saw net inflows of $2.65 million, and Invesco’s BTCO attracted $2.44 million. The remaining seven funds, including Grayscale’s GBTC, reported zero flows for the day.

On Thursday, spot bitcoin ETFs recorded a total daily trading volume of $1.13 billion, a decrease from $1.66 billion the day before. Since their launch in January, these funds have accumulated total net inflows of $18.47 billion.

Ether ETFs Experience Outflows

U.S. spot Ether ETFs reported total daily net outflows of $3.2 million. Grayscale’s ETHE logged $14.69 million in net outflows, while approximately $587,090 exited Fidelity’s FETH.

These outflows were partially offset by $12.08 million in net inflows into BlackRock’s ETHA. The other six spot Ether ETFs experienced zero flows for the day.

The nine Ether ETFs recorded $115.66 million in daily trading volume on Thursday, a drop from $197.82 million on Wednesday. Since launching in July, the Ether funds have accumulated net outflows of $561.05 million.

According to The Block’s crypto price page, Bitcoin’s price decreased by 0.85%, trading at $60,959, while Ether dipped by 1.38%, reaching $2,366.