Spot Bitcoin ETFs See BlackRock’s IBIT Log first Outflows since May
Key points:
- 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.
Spot Bitcoin ETFs saw $71.73M in net outflows on Thursday, extending a three-day streak, with BlackRock’s IBIT recording its first negative flows since May.
Spot Bitcoin ETFs See Continued Outflows
Spot Bitcoin ETFs saw $71.73 million in net outflows on Thursday, marking the third straight day of negative flows. BlackRock’s IBIT, the largest spot Bitcoin ETF by net assets, saw its first net outflow since May 1, with $13.51 million in negative outflows, according to data from SosoValue. Grayscale’s GBTC continued the outflow trend, losing $22.68 million, while Fidelity’s FBTC saw $31.11 million in outflows.
Bitwise’s BITB and Valkyrie’s BRRR also saw outflows of $8.09 million and $1.68 million, respectively. The only spot Bitcoin ETFs to see net inflows were 21Shares’ Ark and ARKB, which increased by $5.34 million. Overall, the total trading volume of the 12 spot Bitcoin ETFs fell to $1.64 billion, down from $2.18 billion the previous day.
Read more: Spot Bitcoin ETFs End 8-day Inflow Streak with $127M Outflows
Modest Outflows in Spot Ether ETFs
Spot Ether ETFs also reported modest outflows on Thursday, continuing their negative trend with $1.77 million in net outflows. Grayscale’s Ethereum Trust (ETHE) led the outflows, with $5.35 million leaving the fund. This was partially offset by a net inflow of $3.57 million into the Grayscale Ethereum Mini Trust (ETH). The other seven spot Ether ETFs saw no outflows on Thursday.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Author
News
Spot Bitcoin ETFs See BlackRock’s IBIT Log first Outflows since May
Key points:
- 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.
Spot Bitcoin ETFs saw $71.73M in net outflows on Thursday, extending a three-day streak, with BlackRock’s IBIT recording its first negative flows since May.
Spot Bitcoin ETFs See Continued Outflows
Spot Bitcoin ETFs saw $71.73 million in net outflows on Thursday, marking the third straight day of negative flows. BlackRock’s IBIT, the largest spot Bitcoin ETF by net assets, saw its first net outflow since May 1, with $13.51 million in negative outflows, according to data from SosoValue. Grayscale’s GBTC continued the outflow trend, losing $22.68 million, while Fidelity’s FBTC saw $31.11 million in outflows.
Bitwise’s BITB and Valkyrie’s BRRR also saw outflows of $8.09 million and $1.68 million, respectively. The only spot Bitcoin ETFs to see net inflows were 21Shares’ Ark and ARKB, which increased by $5.34 million. Overall, the total trading volume of the 12 spot Bitcoin ETFs fell to $1.64 billion, down from $2.18 billion the previous day.
Read more: Spot Bitcoin ETFs End 8-day Inflow Streak with $127M Outflows
Modest Outflows in Spot Ether ETFs
Spot Ether ETFs also reported modest outflows on Thursday, continuing their negative trend with $1.77 million in net outflows. Grayscale’s Ethereum Trust (ETHE) led the outflows, with $5.35 million leaving the fund. This was partially offset by a net inflow of $3.57 million into the Grayscale Ethereum Mini Trust (ETH). The other seven spot Ether ETFs saw no outflows on Thursday.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Other Posts
Related Posts
Latest
Best Cryptos to Buy in December 2024: Qubetics Presale Goes Ballistic as Ethereum and Quant Look to Build Momentum
USDC and CCTP to launch on Aptos, with Stripe adding Aptos support in crypto products
Best Cryptos to Buy: Qubetics Set to Rise, Bitcoin Knocks at $100k Milestone, Avalanche to Release 1.67M Tokens
Press Release
Best Cryptos to Buy in December 2024: Qubetics Presale Goes Ballistic as Ethereum and Quant Look to Build Momentum
USDC and CCTP to launch on Aptos, with Stripe adding Aptos support in crypto products
