Add as a preferred source on GoogleUS Bitcoin ETFs Post $484.9M Outflow, Biggest Since June
The withdrawals erased October’s net inflows, while US Ether ETFs extended their outflow streak to seven sessions.
US spot Bitcoin ETFs recorded $484.9 million in net outflows Wednesday, their largest daily withdrawal since June 25 and enough to erase the funds’ net inflows for October.
The outflows reversed Tuesday’s $118.8 million inflow and wiped out the $321.6 million gathered during October’s first four trading sessions. Bitcoin ETFs now have approximately $163 million in net outflows for the month.
BlackRock’s iShares Bitcoin Trust led the withdrawals at $207.7 million. Fidelity’s FBTC recorded $105.1 million in outflows, while ARK 21Shares’ ARKB lost $101.7 million. IBIT had posted $122 million in inflows the previous day.
US spot Ether ETFs also remained under pressure, posting $160.9 million in net outflows Wednesday. The funds have now recorded withdrawals for seven consecutive trading sessions and have lost approximately $569 million since Sept. 29.
BlackRock’s iShares Ethereum Trust accounted for $116.1 million of Wednesday’s Ether ETF outflows, followed by Grayscale’s Ethereum Trust at $25.8 million. Bitcoin traded near $82,700 Thursday, down about 2% over the previous 24 hours.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.