Bitcoin ETFs See $37 Million in Outflows, Led by Grayscale’s Massive Withdrawals
05.09.2024 14:00 1 min. read Alexander Stefanov
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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