On Wednesday, U.S. Bitcoin exchange traded funds (ETFs) saw net outflows totaling $37.2 million, the sixth consecutive day of negative flows.
Grayscale’s GBTC, the second-largest spot Bitcoin ETF by net asset size, led the outflows with $34.2 million leaving the fund.
Other notable outflows came from Fidelity’s FBTC with $7.6 million and VanEck’s HODL, which lost $4.9 million.
Bitwise’s BITB was the only Bitcoin ETF to record net inflows, bringing in $9.5 million.
BlackRock’s IBIT, the largest spot Bitcoin ETF, and seven other funds saw no activity on the day.
Spot Ethereum ETFs also faced outflows, with net outflows totaling $37.5 million, continuing a two-day streak of outflows.
Grayscale’s ETHE led the way with $40.63 million, while its Ethereum Mini Trust (ETH) saw $3.1 million in inflows. The other 7 Ethereum ETFs saw no activity.
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A Bitcoin miner wallet, inactive for 15.7 years, recently came to life, transferring 50 BTC—valued at approximately $3.05 million—into another wallet.
Recent data reveals that Bhutan has unexpectedly taken the lead in state-held Bitcoin (BTC) reserves, boasting $782.46 million, significantly outpacing El Salvador, which holds $351.75 million.
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