BlackRock’s IBIT logs first daily net outflows since May amid streak of spot bitcoin ETF outflows
U.S. spot bitcoin ETFs saw $71.73 million in net outflows on Thursday.BlackRock’s IBIT logged $13.51 million in outflows, marking its first daily negative flows since May 1.
U.S. spot bitcoin exchange-traded funds recorded $71.73 million in net outflows on Thursday, extending their streaks of outflows to three days.
BlackRock’s IBIT, the largest spot bitcoin ETF by net assets, reported its first negative flows since May 1, with $13.51 million in net outflows, according to data from SosoValue.
Grayscale’s GBTC continued its outflow streak with $22.68 million leaving the fund on Thursday, while Fidelity’s FBTC logged $31.11 million in net outflows. Bitwise’s BITB also saw $8.09 million exit the fund, and Valkyrie’s BRRR recorded outflows of $1.68 million.
Ark and 21Shares’ ARKB was the only spot bitcoin ETF to record positive daily flows, with $5.34 million in net inflows.
The total daily trading volume for the 12 spot bitcoin ETFs shrank to $1.64 billion on Thursday, down from $2.18 billion on Wednesday.
Spot ether ETFs saw modest outflows.
Meanwhile, U.S. spot Ethereum ETH -0.86% ETFs resumed negative flows on Thursday with $1.77 million in net outflows after reporting modest positive flows the day before.
The Grayscale Ethereum Trust (ETHE) was the only spot ether ETF to report outflows, with $5.35 million. This was countered by net inflows of $3.57 million into the Grayscale Ethereum Mini Trust (ETH).
The seven other spot ether funds saw no flows on Thursday.
The total trading volume for the nine ETFs decreased to $95.91 million on Thursday from $151.57 million on Wednesday.
Bitcoin BTC -0.96% edged down 0.3% over the past 24 hours to trade at around $58,984 at the time of writing, while ether inched down 0.29% to $2,516, according to The Block’s price page .
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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