The sudden and significant decline in Bitcoin (BTC) and Ethereum (ETH) has also impacted US ETFs. As Bitcoin and Ethereum ETFs continue to experience gains in the US, yesterday’s data has also arrived.
According to Farside Investors data, spot Bitcoin ETFs in the US saw net outflows of $566.4 million, the highest level since August.
Outflows continued in spot Ethereum (ETH) ETFs, with $108.3 million in outflows, marking the 5th consecutive day of outflows.
Biggest Single-Day Exit!
According to Farside Investors data, a total of $566.4 million in outflows from US-traded spot Bitcoin ETFs occurred yesterday, representing the largest single-day outflow since August 1st.
Fidelity’s FBTC fund saw the largest outflow with $356.6 million. This was followed by Ark Invest’s ARKB fund with $128.1 million; Grayscale’s GBTC fund with $48.9 million; VanEck’s HODL fund with $17 million; Franklin’s EZBC fund with $8.7 million; and Bitwise’s BITB fund with $7.1 million.
On the other hand, data for BlackRock’s IBIT fund is still not updated, while Invesco’s BTCO fund, Valkyrie’s BRRR fund, Grayscale’s BTC fund, and WisdomTree’s BTCW fund recorded no net inflows or outflows.
Ethereum’s Five-Day Breakout Streak Continues!
According to Farside Investors data, outflows continue in spot Ethereum ETFs, with $108.3 million in outflows seen yesterday, marking the 5th consecutive day of outflows.
According to the data, Grayscale’s ETH fund had the highest outflow of any ETF, with $68.6 million.
Fidelity’s FETH fund followed with an outflow of $19.9 million, and Grayscale’s ETHE fund followed with an outflow of $19.8 million.
In contrast, data for BlackRock’s ETHA fund was still not updated as of press time, while Bitwise’s ETHW fund, 21Shares’ TETH fund, VanEck’s ETHV fund, Invesco’s QETH fund, and Franklin’s EZET fund recorded no net inflows or outflows.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/bitcoin-and-ethereums-decline-also-reflected-in-etfs-etfs-experience-record-outflows/
