Ethereum

Bitcoin

Million

The negative flow trend continues for Bitcoin ETFs as they reported net outflows of $54.13 million on Thursday, marking the third consecutive day of declines. This highlights a significant shift in investor sentiment as cumulative outflows now exceed $388 million. 
<h2 id="u-s-bitcoin-etfs-record-54-million-outflow-on-third-consecutive-day">U.S. Bitcoin ETFs Record $54 Million Outflow on Third Consecutive Day</h2> 
According to SoSoValue data, the largest outflows were seen in ARKB from Ark Invest and 21Shares, which lost $57.97 million. Fidelity’s FBTC also reported significant outflows of $37.21 million during the same period. 
However, not all funds saw withdrawals. BlackRock’s IBIT led the way with inflows of $35.96 million, followed by Bitwise’s BITB, which saw a smaller outflow of $2.65 million, and Invesco’s BTCO, which posted a gain of $2.44 million. Seven other funds, including Grayscale’s GBTC, reported no flow activity for the day. 
Overall, spot Bitcoin ETFs saw a total trading volume of $1.13 billion on Thursday, down from $1.66 billion the previous day. Despite recent outflows, these <a href="https://www.turkishnyradio.com/us-moves-ahead-tokenized-funds-approved/" target="_blank" rel="noopener">funds</a> have accumulated a net inflow of $18.47 billion since their launch in January. 
<img decoding="async" class="alignnone size-full wp-image-21315" src="https://www.turkishnyradio.com/wp-content/uploads/2024/10/visual-representing-negative-outflows-from-both-Bitcoin-and-Ethereum-ETFs-The-image-should-again-feature-the-Bitcoin-and-E.webp" alt="visual representing negative outflows from both Bitcoin and Ethereum ETFs The image should again feature the Bitcoin and E" width="1792" height="1024" title="Negative Streak Continues for Both Bitcoin and Ethereum ETFs: How Much Has Been Withdrawn? 6" srcset="https://www.turkishnyradio.com/wp-content/uploads/2024/10/visual-representing-negative-outflows-from-both-Bitcoin-and-Ethereum-ETFs-The-image-should-again-feature-the-Bitcoin-and-E.webp 1792w, https://www.turkishnyradio.com/wp-content/uploads/2024/10/visual-representing-negative-outflows-from-both-Bitcoin-and-Ethereum-ETFs-The-image-should-again-feature-the-Bitcoin-and-E-768x439.webp 768w, https://www.turkishnyradio.com/wp-content/uploads/2024/10/visual-representing-negative-outflows-from-both-Bitcoin-and-Ethereum-ETFs-The-image-should-again-feature-the-Bitcoin-and-E-1536x878.webp 1536w" sizes="(max-width: 1792px) 100vw, 1792px"> 
<h2 id="ethereum-etfs-see-continued-outflows">Ethereum ETFs See Continued Outflows</h2> 
Ethereum ETFs also reported net outflows on Thursday, with $3.2 million withdrawn. Grayscale’s ETHE led the outflows, losing $14.69 million, while Fidelity’s FETH experienced outflows of $587,090. 
On the positive side, BlackRock’s ETHA reported inflows of $12.08 million, partially offsetting the losses. Six other Ethereum ETFs reported no significant activity throughout the day. 
The total trading volume for Ether ETFs was $115.66 million on Thursday, down from $197.82 million the day before. Since their launch in July, Ethereum ETFs have recorded net outflows of $561.05 million.

Negative Streak Continues for Both Bitcoin and Ethereum ETFs: How Much Has Been Withdrawn?

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