Bitcoin spot ETFs saw a net outflow of $192 million, marking the third consecutive day of net outflows.
Bitcoin and Ethereum spot ETFs experienced net outflows for three consecutive days
According to SoSoValue data, Grayscale’s GBTC fund generated the highest single inflow of the day. While GBTC closed the day in positive territory with $6.87 million in inflows, its historical total net outflow stands at $24.68 billion.
Meanwhile, BlackRock’s IBIT fund had the largest daily loss of any ETF, with a net outflow of $149 million on the same day. IBIT’s total historical net inflow reached $64.9 billion.
The data shows that the total net asset value of all Bitcoin spot ETFs is $147.7 billion, equivalent to 6.77% of Bitcoin’s total market capitalization. The historical cumulative net inflow is $61.18 billion.
Similarly, Ethereum spot ETFs experienced net outflows of $98.2 million on the same day. This marked the third consecutive day of outflows for Ethereum ETFs. The largest outflow was from BlackRock’s ETHA ETF with $38.6 million, followed by Fidelity’s FETH ETF with $27.1 million.
The total net asset value of Ethereum spot ETFs stands at $26.02 billion, representing 5.58% of Ethereum’s total market capitalization, while the historical total net inflow is $14.37 billion.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/bitcoin-and-ethereum-etfs-continue-to-deteriorate-outflows-accelerate-heres-all-the-data/
