News

Spot Bitcoin ETF Outflows Hit Largest Level Since Early September

Key points:

  • Spot bitcoin ETF outflows recorded $242.53 million in net on Tuesday.
Spot Bitcoin ETF outflows hit $242.53M on Tuesday, marking the largest outflows since early September. Fidelity’s FBTC led with $144.67M outflows.

Spot Bitcoin ETF Outflows Surge to $242M

On Tuesday, spot bitcoin ETFs saw $242.53 million in outflows, marking the biggest since Sept 3, making it the eighth consecutive day of positive flows. Fidelity’s FBTC led the outflows with $144.67 million followed by Ark and 21Shares’ ARKB with $84.35 million in outflows.

BlackRock’s IBIT was the only bitcoin spot ETF to see inflows, which came in at $40.84 million. Total trading volume across such products rose to $2.53 billion from $1.37 billion in the prior session, according to SoSoValue data.

Read more: Spot Bitcoin ETFs Log $61.3M Inflows, Extending 8-Day Streak

Ether ETFs Record Significant Outflows Amid Bitcoin Slump

U.S.-listed ether spot ETFs continued to see outflows, which amounted to $48.52 million on Tuesday. Grayscale’s Ethereum Trust had the most outflows, at $26.64 million, followed by Fidelity’s FETH at $24.97 million, the largest on record.

Only VanEck’s ETHV and 21Shares’ CETH reported inflows. Ether fell 5.89% during the day.

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

Ike Goes Live on Mainnet: Unlocking Liquid Staking on Aleph Zero

London, United Kingdom, 21st November 2024, Chainwire

45 minutes ago

Native USDC on Aptos Coming Soon to Boost DeFi and P2P Transactions

The move will see developers utilize USDC on Aptos in creating dApps on a wide…

51 minutes ago

Coinshift Launches csUSDL, Announces Strategic Partnerships

Abu Dhabi, UAE, 21st November 2024, Chainwire

1 hour ago

Strategic Bitcoin Reserve Driven by 5-Year Commitment to Buy BTC

Senator Cynthia Lummis outlined the Strategic Bitcoin Reserve, which will sell part of the Fed's…

1 hour ago

Next Crypto to Explode in 2025: Top 7 Picks You Should Invest in Now

As the cryptocurrency market expands and matures, a select few projects stand out for their…

1 hour ago

Solana Spot ETF Applications Progress as SEC Reviews Forms

SEC evaluates Solana Spot ETF applications from VanEck, 21Shares, and Canary Funds, with Bitwise preparing…

2 hours ago

This website uses cookies.