After two consecutive days of positive inflows, U.S. spot Bitcoin ETFs saw net outflows of $18.66 million on Tuesday.
Fidelity’s FBTC led the withdrawals, with $48.82 million leaving the fund, according to data from Farside.
Grayscale’s GBTC, the second-largest Bitcoin ETF by assets, also experienced $9.41 million in outflows after a day of no activity.
In contrast, BlackRock’s IBIT, the largest Bitcoin ETF, managed to attract $39.57 million in inflows, while the remaining nine ETFs reported no movement. The overall trading volume for these 12 funds rose to $1.35 billion on Tuesday, up from $1.22 billion on Monday.
Ethereum ETFs also recorded net outflows, with $8.19 million withdrawn after a quiet Monday. Bitwise’s ETHW fund saw the biggest outflows at $4.54 million, followed by Fidelity’s FETH, which lost $3.65 million.
The remaining seven ether ETFs showed no movement, and their total trading volume dropped to $102.37 million from Monday’s $118.43 million.
A prominent Bitcoin whale recently increased its holdings by acquiring 750 BTC, even as it faces considerable unrealized losses on its previous investments.
Bitcoin (BTC), the top cryptocurrency by market cap, shows signs of potential growth in October, despite a weak start.
New investments from Bitcoin (BTC) whales have skyrocketed 13 times this year, totaling nearly $108 billion as of October 6, according to CryptoQuant.
An anonymous Ethereum user recently paid an enormous transaction fee of 288 ETH, valued at over $700,000, according to blockchain tracker Whale Alert.