Bitcoin Spot ETFs Face $388 Million Outflow Over Three Days
04.10.2024 11:32 1 min. read Alexander Stefanov
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.
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