United

Bitcoin

mini

Zero

Spot

<ul>
 <li>Fidelity’s FBTC had the most outflow, totaling $149.49 million.</li>
 <li>Since their introduction, the spot bitcoin ETFs have received a total of $17.06B in net inflows.</li>
</ul>
Net withdrawals of $211.15 million were recorded by U.S. spot bitcoin exchange-traded funds on Thursday, marking their seven-day streak of negative flows.
<a href="https://www.sosovalue.com/" target="_blank" rel="noopener noreferrer nofollow">SoSoValue</a> data shows that out of all the spot bitcoin ETFs, Fidelity’s FBTC had the most outflow, totaling $149.49 million. Bitwise’s BITB then had a net loss of $30 million. An outflow of $23.22 million from Grayscale’s GBTC ETF and an outflow of $8.45 million from the mini trust occurred on Thursday.
Net inflows were not reported by any funds yesterday. Zero flows were recorded for the day by the other eight funds, including IBIT, which is owned by <a href="http://blackrock.com" target="_blank" rel="noopener noreferrer nofollow">BlackRock</a>.
With a decrease of $1.35 billion from $1.41 billion on Wednesday, the overall daily trading volume for the 12 ETFs fell even more. Since their introduction in January, the spot bitcoin funds have received a total of $17.06 billion in net inflows.
<h3 class="wp-block-heading" id="h-similar-struggle-for-spot-ether-etfs">Similar Struggle for Spot Ether ETFs</h3>
U.S. spot Ethereum ETFs had net outflows of around $152,720 on Thursday, which is a pretty tiny amount. Only two of Grayscale’s ether funds—ETHE and the Ethereum Mini Trust—recorded net flows. ETHE reported $7.39 million withdrawals and the Ethereum Mini Trust $7.24 million inflows. Thursday saw no activity for seven more ETFs.
Similarly, Thursday’s $108.59 million trading volume for Ether funds was lower than Wednesday’s $145.86 million. Since being listed in July, the funds have lost a total of $562.31 million. The most recent non-farm payroll statistics from the United States has pushed the price of <a href="http://bitcoin.org" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> under the $55k mark, while <a href="https://thenewscrypto.com/ethereum-faces-increased-selling-pressure-amid-market-uncertainty/" target="_blank" rel="noopener noreferrer nofollow">ETH</a>&nbsp; is now trading around the $2.3k mark.
Highlighted Crypto News Today:
<a href="https://thenewscrypto.com/ethereum-faces-increased-selling-pressure-amid-market-uncertainty/" target="_blank" rel="noopener noreferrer nofollow">Ethereum Faces Increased Selling Pressure Amid Market Uncertainty</a>

US Spot Bitcoin ETFs See $211 Million Net Outflows

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