United

Bitcoin

Million

Spot

<ul class="wp-block-list">
 <li>Ark Invest and 21Shares’ ARKB suffered the most withdrawals yesterday, at $43.41M.</li>
 <li>Bitcoin price increased 6.25% on the previous day to $63,195 at the time of writing.</li>
</ul>
On Wednesday, spot bitcoin exchange-traded funds in the United States recorded net withdrawals of $52.83 million, capping four days in a row of net inflows totaling more than half a billion dollars.
<a href="https://m.sosovalue.com/" target="_blank" rel="noopener noreferrer nofollow">SoSoValue</a> data indicates that Ark Invest and 21Shares’ ARKB suffered the most withdrawals yesterday, at $43.41 million. Bitwise’s BITB posted withdrawals of $3.95 million on Wednesday, while <a href="https://thenewscrypto.com/ripples-xrp-jumps-10-after-grayscale-unveils-xrp-trust-fund/" target="_blank" rel="noopener noreferrer nofollow">Grayscale’s</a> GBTC reported net outflows of $8.13 million.
Yesterday, just one spot bitcoin fund—Grayscale’s Bitcoin Mini Trust—reported net inflows. It brought in a little $2.66 million. Zero daily flows were seen in the remaining eight funds, which included <a href="http://blackrock.com" target="_blank" rel="noopener noreferrer nofollow">BlackRock’s</a> IBIT. The 12 funds saw $1.63 billion in daily transaction activity on Wednesday and $17.44 billion in net inflows overall.
<h3 class="wp-block-heading" id="h-similar-case-with-spot-ether-etfs">Similar Case with Spot Ether ETFs</h3>
Three days in a row, net withdrawals were recorded by just two of the nine funds in the spot ether ETFs, which totaled $9.74 million. Around $14.66 million was taken out of Grayscale’s ETHE fund, while $4.92 million was added to BlackRock’s ETHA ETF.
The overall daily trading volume for the nine ether funds increased to $221.88 million from $176.26 million on Tuesday. The ETFs have accumulated a $615.58 million net outflow since their July inception.
According to data from <a href="http://coinmarketcap.com" target="_blank" rel="noopener noreferrer nofollow">CMC</a>, bitcoin price increased 6.25% on the previous day to $63,195 at the time of writing. Moreover, Ethereum traded at $2443, up 6.40% in the last 24 hours. This surge is in response to market reactions to the highly anticipated Federal Open Market Committee’s most recent meeting, which saw interest rates slashed by 50 basis points.
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US Spot Bitcoin ETFs Record $52.83 Million in Net Withdrawals

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