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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/spot-bitcoin-and-ethereum-etfs-experience-significant-net-outflows/" data-wpel-link="internal">Spot Bitcoin and Ethereum ETFs Experience Significant Net Outflows</a> 
Spot Bitcoin exchange-traded funds (ETFs) in the U.S. recorded net outflows for the third consecutive day, totaling $54.13 million on Thursday and exceeding $388 million over the last three days. Ark Invest and 21Shares’ ARKB fund led this movement with a $57.97 million outflow, while Fidelity’s FBTC fund also saw a $37.21 million exit. In contrast, BlackRock’s IBIT fund was the top performer with a net inflow of $35.96 million. 
<h2 style="text-align: justify" id="strong-status-of-spot-bitcoin-etfs-strong">Status of Spot Bitcoin ETFs</h2> 
On Thursday, the total daily trading volume of spot Bitcoin ETFs was recorded at $1.13 billion, reflecting a significant decrease from the previous day’s $1.66 billion. Furthermore, BlackRock’s IBIT fund attracted a net inflow of $35.96 million, followed by Bitwise’s BITB fund with $2.65 million and Invesco’s BTCO fund with $2.44 million in net inflows. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-394234" src="https://coin-turk.com/wp-content/uploads/2024/10/Bitcoin-ETF-scaled.jpg" alt="" width="2560" height="1066"> 
Meanwhile, other funds such as Grayscale’s GBTC reported no inflows or outflows. Since their launch in January, these funds have collectively reached a net inflow of $18.47 billion. Despite the decline in trading volume for spot Bitcoin ETFs, the ability of some funds to secure net inflows indicates the lingering effects of market volatility. 
<h2 style="text-align: justify" id="strong-spot-ethereum-etfs-also-experience-increased-outflows-strong">Spot Ethereum ETFs Also Experience Increased Outflows</h2> 
Similar to spot Bitcoin ETFs, spot Ethereum ETFs have continued to face net outflows. On Thursday, net outflows from spot Ethereum ETFs amounted to $3.2 million in the U.S. Grayscale’s ETHE fund had the largest outflow with $14.69 million, while Fidelity’s FETH fund recorded an outflow of $587,090. However, BlackRock’s ETHA fund partially offset these outflows with a net inflow of $12.08 million. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-394235" src="https://coin-turk.com/wp-content/uploads/2024/10/Ethereum-ETF-scaled.jpg" alt="" width="2560" height="907"> 
The trading volume of spot Ethereum ETFs was noted at $115.66 million on Thursday, down from $197.82 million the previous day. Since their release in July, spot Ethereum ETFs have experienced a total net outflow of $561.05 million, indicating reduced investor interest amid market fluctuations. 
The post <a href="https://en.coin-turk.com/spot-bitcoin-and-ethereum-etfs-experience-significant-net-outflows/" data-wpel-link="internal">Spot Bitcoin and Ethereum ETFs Experience Significant Net Outflows</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Spot Bitcoin and Ethereum ETFs Experience Significant Net Outflows

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