Bitcoin spot ETFs in the U.S. saw net outflows totaling $54.13 million on Thursday, marking three consecutive days of negative flows.
Over this period, the cumulative outflows exceeded $388 million. Leading the trend, Ark Invest and 21Shares’ ARKB recorded $57.97 million in outflows, while Fidelity’s FBTC saw $37.21 million.
In contrast, BlackRock’s IBIT had inflows of $35.96 million, followed by smaller gains from Bitwise and Invesco. Overall trading volume for Bitcoin spot ETFs dropped to $1.13 billion, down from $1.66 billion the previous day.
On the Ethereum side, spot ETFs experienced $3.2 million in net outflows on Thursday. Grayscale’s ETHE accounted for most of the losses with $14.69 million exiting, while BlackRock’s ETHA saw inflows of $12.08 million.
Total trading volume for Ethereum spot ETFs also declined, hitting $115.66 million for the day. Since their launch in July, Ethereum spot ETFs have recorded cumulative net outflows of $561.05 million.
Bitcoin giant Strategy has added another 4,980 BTC to its reserves in a purchase worth approximately $531.9 million, according to Executive Chairman Michael Saylor.
According to renowned market veteran Peter Brandt, trading isn’t the path to prosperity for the vast majority of people.
Charles Edwards, founder and CEO of Capriole Investments, has offered a fresh perspective on Bitcoin’s stalled price movement near the $100,000 mark, despite growing institutional enthusiasm.
Metaplanet has expanded its Bitcoin treasury with a new acquisition of 1,005 BTC valued at approximately $108.1 million, further cementing its status as one of the largest corporate holders of the digital asset.