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 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.

William

In the fast-paced world of day trading, I've honed my skills for over six years using technical analysis tools and crafting short-term strategies. My expertise isn't from textbooks but from the trenches of online trading communities. I excel at reading chart patterns, applying technical analysis, and mastering risk management. "The market is about probabilities," I declare. As Editor at Coincu, I empower readers with the insights and strategies to conquer the dynamic world of day trading.

Recent Posts

Crypto Institutional Investors Move To ETFSwap (ETFS) Amid $500 Million Liquidity Injection Expectations

Discover why crypto investors are moving to ETFSwap (ETFS) as $500 million liquidity injection is…

1 hour ago

Buyers Rush to Maximise Gains with BlockDAG’s 100% Bonus Offer; Plus, ETH Holds Strong as Solana Challenges Rivals

Learn about BlockDAG's $110M presale achievement and the whopping 100% bonus offer, alongside Ethereum's growth…

3 hours ago

Thai Police Corruption Case Involving Officers and Extortion

Thai police corruption exposed as officers extort millions in USDT from a Chinese man under…

6 hours ago

SafePal Telegram Wallet Launches with Swiss Bank Accounts and CeDeFi

SafePal Telegram Wallet allows 950 million users to create compliant crypto-friendly Swiss bank accounts, integrating…

7 hours ago

Sheetz Crypto Payments Now Accepted at Over 750 US Locations

Sheetz crypto payments: 750+ US stores now accept Bitcoin, Ethereum, and more, rewarding customers through…

7 hours ago

Zhu Su Wife Sells Singapore Mansion for $38 Million

Zhu Su’s wife sells Singapore mansion for $38.5 million amid heightened financial scrutiny on Three…

8 hours ago

This website uses cookies.