Movement

Bitcoin

Million

mini

Spot

<p><strong>Key points:</strong></p>   
<ul class="wp-block-list">
  
 <li><em>Fidelity’s FBTC saw the most significant outflows on Thursday, with $149.49 million.</em></li>   
 <li><em>Spot ether ETFs showed comparatively small net movements in funds.</em></li> 
</ul>   
<h5 class="wp-block-heading"><strong>Spot Bitcoin ETFs saw $211 million in outflows Thursday, marking seven consecutive days of negative flows. Fidelity’s FBTC led with $149.49 million in outflows.</strong></h5>   
<figure class="wp-block-image aligncenter size-large">
 <a href="https://coincu.com/wp-content/uploads/2024/09/telegram-cloud-photo-size-5-6255582131497581822-y.jpg"><img src="https://coincu.com/wp-content/uploads/2024/09/telegram-cloud-photo-size-5-6255582131497581822-y-1024x576.jpg" alt="Spot Bitcoin ETFs See $211 Million Outflows, Extending Losing Streak" class="wp-image-281530"></a>
 <figcaption class="wp-element-caption"> 
 </figcaption>
</figure>   
<h2 class="wp-block-heading" id="strong-spot-bitcoin-etfs-see-significant-outflows-strong"><strong>Spot Bitcoin ETFs See Significant Outflows</strong></h2>   
<p>U.S. spot Bitcoin ETFs continued their losing streak, posting $211.15 million in net outflows on Thursday, marking the seventh consecutive day of negative flows. Fidelity’s FBTC led the outflows with $149.49 million, followed by Bitwise’s BITB with $30 million, according to&nbsp;<a href="https://sosovalue.xyz/assets/etf/us-eth-spot">data</a>&nbsp;from SoSoValue.</p>   
<p>GBTC and Grayscale’s mini trust also saw outflows of $23.22 million and $8.45 million, respectively. Other ETFs, including BlackRock’s IBIT, reported no net outflows on the day. Total trading volume across the 12 ETFs fell to $1.35 billion.</p>   
<p class="has-background" style="background-color:#222222"><strong>Read more:<a href="https://coincu.com/242737-revolut-paused-some-crypto-services-by-fca/" target="_blank" rel="noreferrer noopener"> </a><a href="https://coincu.com/280782-polymarket-election-odds-harris-slipping-to-47/" data-type="link" data-id="https://coincu.com/280782-polymarket-election-odds-harris-slipping-to-47/" target="_blank" rel="noreferrer noopener">Spot Bitcoin ETFs See BlackRock’s IBIT Log first Outflows since May</a></strong></p>   
<h2 class="wp-block-heading" id="strong-minimal-movement-in-ether-etfs-amid-market-awaiting-economic-data-strong"><strong>Minimal Movement in Ether ETFs Amid Market Awaiting Economic Data</strong></h2>   
<p>U.S.-based spot Ethereum ETFs were little changed on Thursday, with a modest net inflow of $152,720. Grayscale’s ETHE reported $7.39 million in outflows, while the firm’s small trust saw $7.24 million in inflows.</p>   
<p>Seven other ETFs saw no activity. Ether ETFs had a daily trading volume of $108.59 million as market participants awaited Friday’s U.S. non-farm payrolls data, a key indicator of future economic conditions.</p>   
<figure class="wp-block-table">
 <table class="has-luminous-vivid-orange-color has-text-color has-link-color">
  <tbody>
   <tr>
    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
   </tr>
  </tbody>
 </table>
</figure>

Spot Bitcoin ETFs See $211 Million Outflows, Extending Losing Streak

Table of Contents

Coincu

Other articles published on Sep 6, 2024

Magic Eden Unveils Split Domains for US and International Users

Top 10 Wallets Hold Majority of Market Cap in Leading Cryptos: A Closer Look

Bitcoin Falls Below $56K as Crypto Market Faces Extreme Fear

Anti-American Crypto Crackdown: Vivek Ramaswamy Takes a Shot at US Regulators

Where Are the Meme Coins? BONK, and WIF Go Silent as This Utility Titan Attracts Over $3M in Inve...

How to Buy cardano (ADA) on Bitget: A Step-by-Step Guide

Join our free newsletter for daily crypto updates!