According to SoSoValue data, US spot Bitcoin Exchange-traded funds (ETFs) recorded net outflows of $211.15 million on Thursday, marking the seventh consecutive day of negative flows.
US Spot Bitcoin ETFs See $211 Million Outflow, Seventh Day of Losses in a Row
Fidelity’s FBTC led the way with $149.49 million in outflows, while Bitwise’s BITB followed with $30 million. Grayscale’s GBTC and mini trust also saw significant withdrawals, with net outflows of $23.22 million and $8.45 million, respectively.
No Bitcoin ETF reported net inflows, and the remaining eight funds, including BlackRock’s IBIT, recorded zero inflows.
Total trading volume across the 12 spot Bitcoin ETFs fell to $1.35 billion from $1.41 billion the day before. Despite the recent decline, these funds have seen a total of $17.06 billion in net inflows since their inception in January.
US spot Ethereum ETFs saw minimal movement on Thursday, recording just $152,720 in net outflows.
Grayscale’s Ethereum funds saw mixed results, with ETHE reporting $7.39 million in outflows, while the Ethereum Mini Trust brought in $7.24 million. The other seven Ethereum ETFs reported no net inflows.
Ethereum trading volumes also fell, with total volume falling to $108.59 million from $145.86 million on Wednesday. Ethereum funds have seen a total net outflow of $562.31 million since their launch in July.
Global markets are awaiting the release of US nonfarm payrolls (NFP) data today, a key indicator of economic health. Augustine Fan, head of insights at SOFA.org, said the market’s reaction to the NFP report will depend on the specifics of the data.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/abd-spot-bitcoin-borsa-yatirim-fonlarinda-etfler-negatif-seri-7-gune-cikti-iste-detaylar/
