Bitcoin ETFs Tumble, Ether Funds Walk Away Unscathed

U.S. spot bitcoin exchange-traded funds (ETFs) faced another tough day, with all 12 funds experiencing outflows totaling $120.76 million.

U.S. bitcoin exchange-traded funds (ETFs) faced another day of outflows on Thursday, while ether funds experienced modest inflows.

According to Vitech Chain Link data, all 12 bitcoin ETFs experienced outflows, totaling $120.76 million.

Half of the funds reported outflows, with Fidelity’s FBTC taking the hardest hit, losing $33.79 million. Ark Invest and 21shares’ ARKB dropped $30.3 million, and Grayscale’s Bitcoin Mini Trust shed $20.16 million.

Moreover, GBTC saw $18.52 million exit its coffers, and Blackrock’s IBIT fell by $10.83 million. Bitwise’s BITB followed with a $6.16 million outflow.

On the other hand, the nine spot ether ETFs experienced a different fate, pulling in $3.06 million during the trading session.

The biggest gainer was Blackrock’s ETHA, which brought in $17.85 million. Grayscale’s Ethereum Mini Trust followed with $3.34 million in inflows.

However, not all ether funds saw gains — Grayscale’s ETHE lost $10.37 million, and Bitwise’s ETHW shed $4.23 million. Additionally, Fidelity’s FETH saw a $3.54 million outflow.

Despite Thursday’s modest increase, the nine ether ETFs have experienced cumulative net outflows of $558.79 million since July 23.

Around $131.46 million was traded across these funds, which currently hold $6.47 billion in ETH reserves, accounting for 2.27% of ether’s total market cap.