Bitcoin ETFs recorded an outflow of $ 812 million, while ethereum ETFs broke a 20-day streak of inflows.
- Spot Bitcoin ETFs recorded a loss of $ 812.25 million on Friday, the second-largest one-day outflow in the history of these products.
Highlights:
#Bitcoin ETFs saw an outflow of $ 812 million on Friday, the second-largest one-day drop in history.
Ether ETFs snapped a 20-day streak of inflows with a $ 152 million outflow.
Institutional interest in #Ethereum seems to be growing, with corporate treasuries now holding 2.73 million #ETH .
the sharp reversal leveled the weekly inflows and reduced the total net income to $ 54.18 billion.
Assets under management (AUM) of bitcoin ETFs fell to $ 146.48 billion, representing 6.46% of the cryptocurrency's total market capitalization, according to SoSoValue.
Fidelity's FBTC suffered the biggest loss, posting an outflow of $ 331.42 million, followed by ARKB from ARK Invest with a loss of $ 327.93 million.
Grayscale's GBTC also saw a significant outflow of $ 66.79 million, while BlackRock's IBIT lost a relatively modest $ 2.58 million.
Despite the outflows, trading activity remained strong. The total trading volume of all spot bitcoin ETFs amounted to $ 6.13 billion, while IBIT accounted for $ 4.54 billion. This indicates that the interest of institutional investors has not yet dried up.
At the same time, spot Ether ETFs broke their 20-day streak, their longest so far, by recording a net outflow of $ 152.26 million on the same day.
Total Ether ETF assets now stand at $ 20.11 billion, or 4.70% of Ethereum's market capitalization.
Grayscale's ETHE led the outflows with $ 47.68 million, followed by Bitwise's ETHW with $ 40.30 million and Fidelity's FETH with $ 6.17 million.
BlackRock's ETHA remained unchanged at $ 10.
