On Thursday, the U.S. market for spot bitcoin exchange-traded funds (ETFs) faced notable outflows, totaling $211.15 million.
On Thursday, the U.S. market for spot bitcoin exchange-traded funds (ETFs) faced notable outflows, totaling $211.15 million.
This marks the seventh consecutive day of negative fund movements for bitcoin ETFs. Fidelity’s FBTC led the decline with the largest outflow, reporting $149.49 million, according to data from SoSoValue.
Following closely was Bitwise’s BITB, which saw $30 million in net outflows. Grayscale’s GBTC experienced outflows of $23.22 million, while its mini trust recorded $8.45 million in withdrawals.
The total daily trading volume for the 12 ETFs dropped to $1.35 billion, down from $1.41 billion on Wednesday. Since their launch in January, spot bitcoin funds have accumulated a total of $17.06 billion in net inflows.
In contrast, spot Ethereum ETFs showed minimal movement, with net outflows of approximately $152,720 on the same day.
Grayscale’s ether funds displayed mixed results: ETHE reported $7.39 million in outflows, whereas the Ethereum Mini Trust saw $7.24 million in net inflows. Other Ethereum ETFs recorded no changes in flows.
The trading volume for ether funds decreased to $108.59 million, compared to $145.86 million the previous day, leading to a total of $562.31 million in net outflows since their listing in July.
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