U.S. Bitcoin Exchange-Traded Funds Overview

U.S. spot bitcoin exchange-traded funds (ETFs) saw a net outflow of $81.36 million on Wednesday, ending a two-day positive streak.

Positive Performers
– BlackRock’s IBIT: $2.68 million in net inflows, largest spot bitcoin ETF by net assets.
– Franklin’s EZBC: $3.42 million in inflows, its first since July 22.

Largest Outflows
– Grayscale’s GBTC: $56.87 million in net outflows.
– Fidelity’s FBTC: $18.05 million outflows.
– Ark and 21Shares’ ARKB: $6.77 million outflows.
– Bitwise’s BITB: $5.78 million outflows.

Remaining Six Funds: Recorded zero flows.
Total daily trading volume: $1.3 billion, up from $1.18 billion on Tuesday.

Spot Ether ETFs Positive Flow

Nine spot Ethereum ETFs recorded $10.77 million in net inflows on Wednesday, marking the third consecutive day of positive flow.

Outliers
– Grayscale Ethereum Trust (ETHE): Outflows of $16.95 million.
– Grayscale Ethereum Mini Trust (ETH): Moderate inflows of $2.26 million after 2 days of zero flows.

Notable Inflows
– BlackRock’s ETHA: $16.13 million inflows (largest among spot ether ETFs).
– Fidelity’s FETH: $6.65 million inflows.
– Bitwise’s ETHW: $2.67 million inflows.

Total trading volume: $155.91 million, down from $190.76 million on Tuesday and $285.96 million on Monday.

Price Movement

At the time of writing:
– Bitcoin: Dropped 4.33% to $58,323.
– Ether: Dropped 3.19% to $2,642.