Spot Bitcoin exchange-traded funds in the U.S. recorded net outflows of $148.5 million on Tuesday, continuing Monday's outflows.
According to Farside, Fidelity’s FBTC led the outflows with $64.5 million, followed by Grayscale’s GBTC converted fund with $32.2 million and Ark Invest and 21Shares’ ARKB with $28.9 million.
Franklin Templeton’s Bitcoin fund (EZBC) also declined, losing $23 million.
Interestingly, BlackRock’s IBIT, the largest spot Bitcoin ETF by net asset value, reported zero flows on Tuesday, along with seven other funds.
On the other hand, spot Ethereum ETFs saw net inflows on Tuesday, totaling a positive $98.4 million, continuing Monday’s positive results when just under $49 million was raised.
The largest inflow was recorded by BlackRock’s ETHA, which notched $109.9 million. Fidelity’s FETH had inflows of $22.5 million, Grayscale’s minifund (ETH) attracted $4.7 million, and Franklin Templeton’s saw $1 million in inflows.
Grayscale’s ETHE, on the other hand, experienced the weakest outflows since its inception, with just $39.7 million leaving, well down on the $484 million it recorded at launch.
An Ethereum whale has recently caused a stir by offloading a substantial portion of its holdings, selling over $24 million worth of ETH in the past three days amid significant market pressure.
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Recent on-chain data for Dogecoin (DOGE) reveals a surge in activity, indicating a growing optimism among cryptocurrency investors towards the popular meme coin.
Commerzbank, one of Germany’s largest financial institutions, is making a significant move into cryptocurrency by offering Bitcoin and Ethereum trading services to its corporate clients.