Spot Bitcoin ETFs See $71.8 Million in Outflows for Third Consecutive Day
On Thursday, spot Bitcoin ETFs experienced significant net outflows totaling $71.8 million, the third consecutive day of outflows.
BlackRock’s IBIT, the largest spot Bitcoin ETF by net asset size, recorded its first net outflow since May 1, with negative flows of $13.5 million. Grayscale’s GBTC continued to face investor withdrawals, losing $22.7 million, while Fidelity’s FBTC faced outflows of $31.1 million.
Other spot Bitcoin ETFs, such as Bitwise’s BITB and Valkyrie’s BRRR, also saw outflows of $8.1 million and $1.7 million, respectively.
However, ARKB was an exception, recording net inflows of $5.3 million.
READ MORE:
Solo Miner Earns $200,000 Reward From a Single Bitcoin BlockSpot ETFs also saw negative movement, albeit on a smaller scale, with net outflows of $1.7 million on Thursday.
Grayscale’s Ethereum Trust (ETHE) led the losses, with $5.3 million withdrawn. This was somewhat offset by net inflows of $3.6 million into the Grayscale Ethereum Mini Trust (ETH). The other seven spot Ethereum ETFs saw no outflows on the day.
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.
You may also like
Altcoin, Once a Rising Star, Has Now a Major User Decline
One of the most talked about altcoins of all time has lost a significant number of users in recent months. Why?
Operation Announcement from CFTC Also Concerning Cryptocurrencies
The US Commodity Futures Trading Commission (CFTC) shared a decision that also concerns cryptocurrencies in its announcement.
SEC Approves BlackRock’s Bitcoin ETF Options Trading on Nasdaq
Indian Supreme Court recovers YouTube account from XRP scammers
Trending news
MoreCrypto prices
More
