U.S. Bitcoin ETF Outflows

U.S. spot bitcoin exchange-traded funds saw outflows of $91.76 million on Wednesday, extending their streak of negative flows to two consecutive days.

Major Outflows

• Ark and 21Shares’ ARKB led the outflows with $60.28 million leaving the product.
• Grayscale’s GBTC, the second-largest spot bitcoin ETF by net assets, recorded $27.31 million in net outflows.
• BlackRock’s IBIT, the largest spot bitcoin ETF, reported $13.74 million in outflows, marking its first daily outflows since Sept. 9.
• Bitwise’s BITB experienced outflows of $11.51 million, while the other seven spot bitcoin ETFs logged zero flows.

Overall, the total trading volume for these ETFs shrank to $1.66 billion on Wednesday, down from $2.53 billion on Tuesday.

Current Bitcoin Prices

Bitcoin (BTC) edged down 0.46% to trade at around $61,183, while ether slid 3.77% to $2,391 according to The Block’s price page.

Ether ETF Inflows

Meanwhile, spot Ethereum ETFs in the U.S. recorded $14.45 million in net inflows on Wednesday, following outflows of $48.52 million the day before.

• BlackRock’s ETHA saw $18.04 million flow into the fund.
• Franklin Templeton’s EZET reported net outflows of $1.81 million.
• The Grayscale Ethereum Trust (ETHE) was the only spot ether ETF to record negative flows, with outflows of $5.4 million. The other six spot ether ETFs saw zero flows.

The total trading volume for these nine ETFs decreased to $197.82 million on Wednesday, down from $290.81 million on Tuesday.