Spot Bitcoin and Ethereum ETFs See Significant Outflows

Spot bitcoin exchange-traded funds (ETFs) in the United States experienced $242.53 million in net outflows on Tuesday, marking the largest daily outflow since September 3. This shift ended an eight-day streak of positive flows.

Bitcoin ETF Outflows

Fidelity’s FBTC recorded the highest net outflows, with $144.67 million exiting the fund, according to SoSoValue data. Ark and 21Shares’ ARKB followed with $84.35 million in outflows, which is the largest since August 27. Bitwise’s BITB saw $32.7 million exit, while VanEck reported $15.75 million in outflows. Grayscale’s GBTC, the second-largest bitcoin ETF by assets, faced $5.9 million in outflows.

Interestingly, BlackRock’s IBIT was the only ETF among this group that saw positive flows, gaining $40.84 million.

The total trading volume for spot bitcoin ETFs reached $2.53 billion on Tuesday, a considerable increase from $1.37 million on Monday.

Bitcoin (BTC) dropped 3.47% over the past 24 hours to $61,446, while ether fell 5.89% to $2,480, as per The Block’s pricing data.

Ether ETF Outflows

Spot Ethereum ETFs also experienced outflows, totaling $48.52 million on Tuesday. The Grayscale Ethereum Trust led these outflows, losing $26.64 million, while Fidelity’s FETH saw $24.97 million in outflows—its largest daily loss recorded. Bitwise’s ETHW faced $895,650 in net outflows.

However, VanEck’s ETHV and 21Shares’ CETH recorded net inflows of $2.74 million and $1.25 million, respectively. The remaining four ether ETFs saw no significant flow changes.

The trading volume for the nine spot ether ETFs hit $290.81 million on Tuesday, up from $149.14 million the previous day.