Spot Bitcoin ETFs Experience Outflows

Spot bitcoin exchange-traded funds (ETFs) in the U.S. recorded negative daily flows on Tuesday following seven consecutive days of net inflows.

According to data from SoSoValue, the 12 spot bitcoin ETFs reported total net outflows of $79.09 million. The entire outflow was attributed to Ark and 21Shares’ ARKB, which saw $134.74 million leave the fund.

Meanwhile, BlackRock’s IBIT, the largest spot bitcoin ETF by net assets, recorded $42.98 million in net inflows. Fidelity’s FBTC logged inflows of $8.85 million, and VanEck’s HODL also had $3.82 million in net inflows. The remaining eight funds, including Grayscale’s GBTC, reported zero flows for the day.

The $79 million net outflows reduced the cumulative net inflows of the 12 ETFs to $21.15 billion as of Tuesday. The total daily trading volume for these ETFs decreased to $1.4 billion, down from $1.76 billion on Monday.

These outflows occurred after U.S. spot bitcoin ETFs attracted over $2.67 billion during their seven-day inflow streak, similar to peak levels in March. BlackRock’s IBIT alone accounted for about $1.5 billion of these inflows, coinciding with a bitcoin rally that peaked above $69,400 on Monday.

Spot Ether ETFs Show Modest Inflows

In contrast, spot ether ETFs in the U.S. saw net inflows of $11.94 million on Tuesday, all from BlackRock’s ETHA. The other eight ether funds recorded zero flows.

The total trading volume for spot ether ETFs was $118.4 million on Tuesday, down from $163.18 million on Monday. Since their launch, these funds have experienced cumulative net outflows of $488.85 million.

As for current prices, bitcoin fell 0.38% over the past 24 hours to $67,038, while ether decreased 0.99% to $2,611.