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.