U.S. Bitcoin ETFs Continue Outflows, Losing $211 Million

On Thursday, U.S. spot Bitcoin ETFs saw significant withdrawals, totaling $211.15 million, marking a week-long trend of outflows.

Fidelity’s FBTC led with $149.49 million in withdrawals, followed by Bitwise’s BITB, which lost $30 million. Grayscale’s GBTC and mini trust also saw declines of $23.22 million and $8.45 million, respectively.

No funds saw gains, while others, including BlackRock’s IBIT, recorded no activity. Trading volumes across 12 ETFs dropped to $1.35 billion, continuing the downward trend.

In the Ethereum ETF space, movements were minimal with $152,720 in outflows. Grayscale’s ETHE lost $7.39 million, but its Ethereum Mini Trust gained $7.24 million.

Other Ethereum ETFs showed no change, and trading volumes decreased to $108.59 million. Since launching, these Ethereum funds have experienced $562.31 million in outflows.

As markets await U.S. non-farm payroll data, experts suggest that a moderately weak report could ease concerns about economic growth and benefit both stocks and Bitcoin.