US spotlight Bitcoin Exchange-traded funds (ETFs) experienced a significant outflow of $242.53 million on Tuesday, marking the largest daily net outflow since September 3. This move ended an eight-day streak of positive flows for Bitcoin ETFs.
Spot Bitcoin ETFs Record Biggest Outflows Since Early September
According to SoSoValue data, Fidelity’s FBTC It led the exit with $144.67 million out of the fund. Ark and 21Shares’ ARKBfollowed closely by reporting $84.35 million, the biggest debut since August 27.
Other notable debuts include $32.7 million Bitwise’s BITB and with $15.75 million VanEck’s bitcoin ETFtook place. Second largest spot Bitcoin ETF by net assets ‘si the one which… Grayscale’s GBTC It even saw an outflow of $5.9 million.
The exception is the largest spot Bitcoin ETF, which recorded inflows of $40.84 million. ‘si the one which… BlackRock’s IBIT was, making it the only ETF among the top 12 to see positive activity.
Total trading volume in these Bitcoin ETFs rose to $2.53 billion on Tuesday, a significant jump from $1.37 billion on Monday.
Ethereum ETFs Also Facing Outflows
Spot Ethereum ETFs in the US were also unaffected by this trend and recorded an outflow of $48.52 million on the same day.
Grayscale Ethereum Trust While it took the lead with an output of 26.64 million dollars, Fidelity’s FETH $24.97 million left the fund, recording the largest daily net outflow on record. Bitwise’s ETHW It reported smaller outflows of $895,650.
However, there have been some positive flows in the Ethereum ETF space. VanEck’s ETHV’ si saw net inflows of $2.74 million and 21Shares’ CETH It recorded an inflow of $1.25 million. The other four spot Ethereum ETFs were flat with zero flows.
*This is not investment advice.
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