U.S. Bitcoin and Ethereum ETFs See Significant Outflows as Trading Volume Rises
09.10.2024 12:00 1 min. read Alexander Stefanov
After two consecutive days of positive inflows, U.S. spot Bitcoin ETFs saw net outflows of $18.66 million on Tuesday.
Fidelity’s FBTC led the withdrawals, with $48.82 million leaving the fund, according to data from Farside.
Grayscale’s GBTC, the second-largest Bitcoin ETF by assets, also experienced $9.41 million in outflows after a day of no activity.
In contrast, BlackRock’s IBIT, the largest Bitcoin ETF, managed to attract $39.57 million in inflows, while the remaining nine ETFs reported no movement. The overall trading volume for these 12 funds rose to $1.35 billion on Tuesday, up from $1.22 billion on Monday.
Ethereum ETFs also recorded net outflows, with $8.19 million withdrawn after a quiet Monday. Bitwise’s ETHW fund saw the biggest outflows at $4.54 million, followed by Fidelity’s FETH, which lost $3.65 million.
The remaining seven ether ETFs showed no movement, and their total trading volume dropped to $102.37 million from Monday’s $118.43 million.
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