Bitcoin and Ethereum's Decline Also Reflected in ETFs! ETFs Experience Record Outflows!
Bitcoin (BTC) and Ethereum (ETH) ETFs in the US experienced significant outflows, with Bitcoin ETFs seeing $566.4 million in net outflows, the largest single-day outflow since August 1. Fidelity’s FBTC fund led with $356.6 million in outflows, followed by ARKB, GBTC, HODL, EZBC, and BITB funds. Ethereum ETFs recorded $108.3 million in outflows, marking the fifth consecutive day of declines, with Grayscale's ETH fund facing the largest outflow at $68.6 million. Data for some funds, including BlackRock’s BTC and ETH ETFs, was not updated. No net inflows or outflows were reported for several other ETFs.
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Impact on Bitcoin and Ethereum ETFs
The sudden and significant decline in Bitcoin (BTC) and Ethereum (ETH) has also impacted US ETFs. As Bitcoin and Ethereum ETFs continue to experience gains in the US, yesterday's data has also arrived. According to Farside Investors data, spot Bitcoin ETFs in the US saw net outflows of $566.4 million, the highest level since August. Outflows continued in spot Ethereum (ETH) ETFs, with $108.3 million in outflows, marking the 5th consecutive day of outflows.
Biggest Single-Day Exit for Bitcoin ETFs
According to Farside Investors data, a total of $566.4 million in outflows from US-traded spot Bitcoin ETFs occurred yesterday, representing the largest single-day outflow since August 1st.
- Fidelity’s FBTC fund: Largest outflow at $356.6 million
- Ark Invest’s ARKB fund: $128.1 million
- Grayscale’s GBTC fund: $48.9 million
- VanEck’s HODL fund: $17 million
- Franklin’s EZBC fund: $8.7 million
- Bitwise’s BITB fund: $7.1 million
Meanwhile, data for BlackRock’s IBIT fund is still not updated, while Invesco’s BTCO fund, Valkyrie’s BRRR fund, Grayscale’s BTC fund, and WisdomTree’s BTCW fund recorded no net inflows or outflows.
Ethereum's Five-Day Outflow Streak
Outflows continue for spot Ethereum ETFs, with $108.3 million in outflows seen yesterday, according to Farside Investors data. This marks the 5th consecutive day of outflows.
- Grayscale's ETH fund: Highest outflow of $68.6 million
- Fidelity's FETH fund: $19.9 million
- Grayscale's ETHE fund: $19.8 million
In contrast, data for BlackRock’s ETHA fund was still not updated as of press time, while Bitwise’s ETHW fund, 21Shares’ TETH fund, VanEck’s ETHV fund, Invesco’s QETH fund, and Franklin’s EZET fund recorded no net inflows or outflows.