Millions

Bitcoin ETF

Bitcoin

Spot

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/investors-withdraw-millions-from-u-s-crypto-etfs" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Withdraw Millions from U.S. Crypto ETFs</a><br></p>
<p style="text-align: justify">Spot <a href="https://en.bitcoinhaber.net/bitcoins-market-response-amid-positive-inflation-data-and-analyst-predictions" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> exchange-traded funds (ETFs) in the U.S. experienced a notable net outflow of $43.97 million on Wednesday, breaking a two-day positive inflow streak. These outflows are a consequence of investor responses to recent U.S. economic <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">data</a>, reflecting the persistent volatility in the crypto ETF market.</p>
<h2 id="major-outflows-in-spot-bitcoin-etfs">Major Outflows in Spot Bitcoin ETFs</h2>
<p style="text-align: justify">Data from SoSoValue reveals that the ARKB fund by Ark Invest and 21Shares saw the largest outflow among ETFs, with a net withdrawal of $54.03 million. Grayscale’s GBTC also experienced significant outflows, with <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a> pulling out a net $4.59 million, while the Grayscale Bitcoin Mini Trust reported a net outflow of approximately $511,230. Contrarily, Fidelity’s FBTC led with a net inflow of $12.57 million, followed by Invesco’s BTCO with a $2.59 million net inflow. Seven other funds, including BlackRock’s IBIT, reported neither inflows nor outflows, with IBIT not seeing a net inflow since August 26, indicating a more cautious investor sentiment.</p>
<p style="text-align: justify">On Tuesday, 12 spot Bitcoin ETFs recorded a significant trading volume of $1.27 billion, up from $712.25 million the previous day. Despite these outflows, Bitcoin funds have accumulated a total net inflow of $17 billion since their launch in January, highlighting a sustained interest in digital assets despite short-term fluctuations.</p>
<h2 id="spot-ethereum-etfs-also-facing-outflows">Spot Ethereum ETFs Also Facing Outflows</h2>
<p style="text-align: justify">Spot Ethereum ETFs recorded a net outflow of approximately $542,870, with seven out of nine funds reporting neither inflows nor outflows. VanEck’s ETHV witnessed a net outflow of $171,000, while Fidelity’s FETH was the only fund in the category to see positive activity, with a net inflow of $1.17 million. The total trading volume for spot Ethereum ETFs rose from $102.87 million on Tuesday to $126.22 million on Wednesday. However, cumulative net outflows for Ethereum-based ETFs amounted to $562.06 million, indicating a challenging environment for these funds.</p>
<h2 id="key-insights-from-recent-etf-movements">Key Insights from Recent ETF Movements</h2>
<p style="text-align: justify">The recent movements in U.S. spot Bitcoin and Ethereum ETFs reveal several key insights:</p>
<ul>
 <li>ARKB fund by Ark Invest and 21Shares saw the largest Bitcoin ETF outflow.</li>
 <li>Fidelity’s FBTC emerged as the leader in Bitcoin ETF inflows.</li>
 <li>VanEck’s ETHV experienced the most significant outflow among Ethereum ETFs.</li>
 <li>Fidelity’s FETH was the only Ethereum ETF with a net inflow.</li>
 <li>Cumulative net inflows since January indicate enduring interest in digital assets.</li>
</ul>
<p style="text-align: justify">These patterns suggest that while short-term fluctuations persist, the overall interest in digital asset ETFs remains strong, driven by both cautious and opportunistic investor behaviors.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/investors-withdraw-millions-from-u-s-crypto-etfs" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Withdraw Millions from U.S. Crypto ETFs</a></h5>

Investors Withdraw Millions from U.S. Crypto ETFs

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