Bitcoin Spot ETF Outflow Hits $54.1M, IBIT Sees Inflows

Key Points:

• Bitcoin spot ETF outflow totaled $54.1M on October 3, with significant outflows from FBTC and ARKB, partially offset by IBIT inflows of $35.96M.
• Ethereum spot ETF also experienced net outflows on the same day, amounting to $3.2M.

Bitcoin Spot ETF outflow recorded a net of $54.1M on Oct 3, with FBTC and ARKB seeing outflows, while IBIT had inflows. Ethereum Spot ETF saw a $3.2M outflow.

Bitcoin Spot ETF Outflows Hits $54.1M

U.S. Bitcoin Spot ETFs posted net outflows of $54.13M on Thursday, dominated by ARKB. Over the last three days, that cumulative outflow number has risen to $388M, indicative of negativity in the market, according to Sosovalue.

Though ARKB saw major outflows, the funds’ leading inflows were BlackRock’s IBIT and Bitwise’s BITB, which is indicative of mixed performance across funds. Daily trading volume fell from the prior $1.66B to $1.13B.

Read more: Spot Bitcoin ETF Inflows Reach 4% of Market Capital Since January

Ethereum Spot ETF Registers $3.2M Outflow

Ether ETFs saw net outflows of $3.2M, with the biggest outflow at Grayscale’s ETHE. However, BlackRock’s ETHA cushioned some losses with $12.08M in net inflows.

Although most of the Ether ETFs saw net outflows, BlackRock’s ETHA managed to keep things in balance, showing divided sentiment for Ether ETFs. The trading volume of the Ether ETFs was lower compared to the previous day.