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.
His prediction is rooted in growing instability across traditional financial systems and what he believes is the emergence of the most powerful bull market in history.
CME Group, the world’s largest derivatives marketplace, is expanding its digital asset lineup with the launch of XRP futures, set to go live on May 19, pending regulatory approval.
Japanese investment firm Metaplanet has officially joined the ranks of the world’s largest corporate Bitcoin holders, announcing Thursday the purchase of 145 BTC — pushing its total stash to 5,000 BTC, currently valued at around $460 million.
As global sanctions continue to isolate Russia from traditional financial networks, the country’s top financial bodies — the Central Bank and the Ministry of Finance — are preparing to launch a government-backed cryptocurrency exchange.