Spot bitcoin ETFs record largest outflows since early September
Quick Take U.S. spot bitcoin ETFs recorded $242.53 million in net outflows on Tuesday. Bitcoin fell 3.47% to trade at $61,446. Ether slid 5.89% to change hands at $2,480.
Spot bitcoin exchange-traded funds in the United States saw $242.53 million leave the products on Tuesday — marking their largest daily net outflows since Sept. 3 and ending an eight-day streak of positive flows.
Fidelity’s FBTC recorded the largest net outflows among spot bitcoin ETFs, with $144.67 million exiting the fund, according to SoSoValue data . Ark and 21Shares’ ARKB followed, with net outflows of $84.35 million, representing the fund's largest outflows since Aug. 27. Bitwise’s BITB reported net outflows of $32.7 million and VanEck’s logged $15.75 million in net outflows. Grayscale’s GBTC, the second largest spot bitcoin ETF by net assets, recorded $5.9 million in net outflows.
BlackRock’s IBIT, the largest spot bitcoin ETF, was the only one among these 12 ETFs to record positive flows — with $40.84 million flowing into the product.
The total trading volume of these spot bitcoin ETFs amounted to $2.53 billion on Tuesday, up from $1.37 million on Monday.
Bitcoin BTC -3.59% slid 3.47% over the past 24 hours to trade at $61,446 at the time of writing, while ether fell 5.89% to change hands at $2,480, according to The Block’s price page .
Ether ETFs also experienced outflows
Spot Ethereum ETH -6.29% ETFs in the U.S. recorded $48.52 million in net outflows on Tuesday.
The Grayscale Ethereum Trust led the outflows with $26.64 million, while Fidelity’s FETH reported outflows of $24.97 million — its largest daily net outflows on record. Bitwise’s ETHW also saw $895,650 in net outflows.
VanEck’s ETHV logged net inflows of $2.74 million, and 21Shares’ CETH saw inflows of $1.25 million. The four other spot ether ETFs saw zero flows.
The nine spot ether ETFs’ trading volume reached $290.81 million on Tuesday, up from $149.14 million on Monday.
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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