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U.S. spot Bitcoin exchange-traded funds (ETFs) continued to experience outflows, with $37.29 million exiting the products on Wednesday, marking the sixth consecutive day of negative flows.
<h2 id="us-spot-bitcoin-etfs-continue-to-rise-losing-37-million">US Spot Bitcoin ETFs Continue to Rise, Losing $37 Million</h2>
This prolonged streak has put pressure on several leading Bitcoin ETFs, according to SosoValue data.
Grayscale’s GBTC, the second-largest spot Bitcoin ETF by net assets, led the decline, recording net outflows of $34.25 million.
Fidelity’s FBTC followed with $7.59 million in withdrawals, while VanEck’s HODL ETF saw $4.91 million in outflows from the fund.
Despite the overall negative trend, Bitwise’s BITB ETF was the only fund to see net inflows, drawing $9.46 million. BlackRock’s IBIT, the largest spot Bitcoin ETF, and seven other ETFs recorded zero inflows for the day.
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In addition to the outflows, the total daily trading volume of the 12 spot Bitcoin ETFs fell from $1.56 billion on Tuesday to $1.41 billion on Wednesday.
The negative trend extended to Ethereum ETFs, which saw net outflows of $37.51 million on Wednesday, marking the second day of consecutive outflows.
Grayscale’s Ethereum Trust (ETHE) took the hardest hit, losing $40.63 million, while the Grayscale Ethereum Mini Trust saw a modest inflow of $3.12 million.
Similar to Bitcoin ETFs, the remaining seven Ethereum ETFs also did not record significant inflows or outflows. The total trading volume of the nine Ethereum ETFs fell to $145.86 million from $163.5 million the day before.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/us-spot-bitcoin-exchange-traded-funds-etfs-post-negative-outflow-for-the-sixth-day-in-a-row-here-are-the-details/" rel="noopener noreferrer nofollow">US Spot Bitcoin Exchange Traded Funds (ETFs) Post Negative Outflow for the Sixth Day in a Row! Here Are the Details</a>

US Spot Bitcoin Exchange Traded Funds (ETFs) Post Negative Outflow for the Sixth Day in a Row! Here Are the Details

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