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News

Spot Bitcoin ETFs Outflows Hit $52.8M, Ending Four-Day Inflow Streak

September 19, 2024 - Around 2 mins mins to read

Key points:

  • Ark & 21Shares’ ARKB led net outflows with $43.41 million on Wednesday among spot bitcoin ETFs.
  • The spot ether ETFs in the U.S. also posted daily net outflows worth about $9.7 million.
Spot bitcoin ETFs outflows totaled $52.83 million, led by Ark Invest, while Ethereum ETFs saw $9.74 million in outflows.
Spot Bitcoin ETFs Outflows Hit $52.8M, Ending Four-Day Inflow Streak

Spot Bitcoin ETFs Outflows Continue as Market Sees $52.83M Loss

Spot bitcoin ETFs outflows reached $52.83 million,, largely from Ark Invest and 21Shares’ ARKB, which saw outflows of $43.41 million. Grayscale and Bitwise funds also reported losses. Only Grayscale’s Bitcoin Mini Trust saw inflows of $2.66 million, according to data from SoSoValue.

Despite the outflows, the 12 funds involved traded $1.63 billion on Wednesday. The overall market performance remained strong, with bitcoin rising 3.03% in response to the Federal Reserve’s latest rate cut.

Read more: Spot Bitcoin ETFs See $211 Million Outflows, Extending Losing Streak

Ethereum ETFs Report $9.74M in Outflows as Bitcoin Rallies

Spot Ethereum ETFs continued their outflow trend with a loss of $9.74 million, led by Grayscale’s ETHE fund, which moved $14.66 million out. Only BlackRock’s ETHA fund saw net inflows.

However, the broader crypto market has shown resilience. Bitcoin surged to $62,138 after the Federal Reserve cut interest rates by 50 basis points, boosting confidence and fueling gains in altcoins like Ethereum and Solana.

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.

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News

Spot Bitcoin ETFs Outflows Hit $52.8M, Ending Four-Day Inflow Streak

Key points:

  • Ark & 21Shares’ ARKB led net outflows with $43.41 million on Wednesday among spot bitcoin ETFs.
  • The spot ether ETFs in the U.S. also posted daily net outflows worth about $9.7 million.
Spot bitcoin ETFs outflows totaled $52.83 million, led by Ark Invest, while Ethereum ETFs saw $9.74 million in outflows.
Spot Bitcoin ETFs Outflows Hit $52.8M, Ending Four-Day Inflow Streak

Spot Bitcoin ETFs Outflows Continue as Market Sees $52.83M Loss

Spot bitcoin ETFs outflows reached $52.83 million,, largely from Ark Invest and 21Shares’ ARKB, which saw outflows of $43.41 million. Grayscale and Bitwise funds also reported losses. Only Grayscale’s Bitcoin Mini Trust saw inflows of $2.66 million, according to data from SoSoValue.

Despite the outflows, the 12 funds involved traded $1.63 billion on Wednesday. The overall market performance remained strong, with bitcoin rising 3.03% in response to the Federal Reserve’s latest rate cut.

Read more: Spot Bitcoin ETFs See $211 Million Outflows, Extending Losing Streak

Ethereum ETFs Report $9.74M in Outflows as Bitcoin Rallies

Spot Ethereum ETFs continued their outflow trend with a loss of $9.74 million, led by Grayscale’s ETHE fund, which moved $14.66 million out. Only BlackRock’s ETHA fund saw net inflows.

However, the broader crypto market has shown resilience. Bitcoin surged to $62,138 after the Federal Reserve cut interest rates by 50 basis points, boosting confidence and fueling gains in altcoins like Ethereum and Solana.

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.