The latest figures reveal that 12 U.S. spot bitcoin exchange-traded funds (ETFs) faced $54.13 million in net outflows on Thursday.
U.S. spot bitcoin exchange-traded funds (ETFs) encountered net outflows to the tune of $54.13 million on Thursday, whereas nine spot ether ETFs faced a more modest loss of $3.2 million from their funds on Friday, Oct. 30, 2024.
The nine spot ethereum ETFs posted losses on Oct. 3 following a day of gains, with a total of $3.2 million being withdrawn from the funds. The outflows were largely driven by Grayscale’s ETHE fund, which saw a hefty $14.69 million being pulled on Thursday.
In addition to ETHE, Fidelity’s FETH fund also encountered a loss with $587,009 being withdrawn. However, Blackrock’s ETHA fund managed to help mitigate the overall outflows with positive inflows clocking in at $12.08 million.
According to data from sosovalue.xyz, the $3.2 million withdrawn from the nine funds brings the total net outflows to $561.05 million since July 23. Collectively, the funds now hold $6.44 billion in ether, which comprises 2.28% of ethereum’s total market value. Notably, Thursday's trading session saw a total of $115.66 million in volume.
Meanwhile, spot bitcoin ETFs faced steeper losses on Thursday with a total of $54.13 million being withdrawn from the funds. This reduction in inflows brings the cumulative net inflows to $18.47 billion since Jan. 11.
The day’s largest loss was encountered by Ark Invest and 21shares’ ARKB fund, which saw $57.97 million being pulled. Fidelity's FBTC fund followed with a reduction of $37.21 million, while Blackrock's IBIT fund managed to help counterbalance the day's downturn.
Specifically, IBIT attracted $35.96 million, whereas Bitwise's BITB secured $2.65 million, and Invesco's BTCO fund saw positive inflows of $2.44 million on Thursday.
According to sosovalue.xyz metrics, the 12 funds collectively hold $56.31 billion in bitcoin, which represents 4.69% of bitcoin's total market capitalization, with Thursday's trades clocking in at $1.13 billion.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
