US spot Bitcoin exchange-traded funds (ETFs) experienced significant net outflows of $91.76 million on Wednesday, marking the second consecutive day of negative flows.
US Spot Bitcoin ETFs See $91 Million Net Outflow Led by Ark's AR
The biggest exit came from Ark and 21Shares’ ARKB, which raised $60.28 million.
Grayscale’s GBTC, the second-largest spot Bitcoin ETF by net assets, saw an outflow of $27.31 million, while BlackRock’s IBIT, the largest spot Bitcoin ETF, lost $13.74 million, its first daily outflow since September 9.
Bitwise’s BITB also saw an outflow of $11.51 million. Meanwhile, the other seven Bitcoin ETFs saw no inflows or outflows
Total trading volume for these ETFs fell to $1.66 billion on Wednesday, compared with $2.53 billion the day before.
In comparison, US spot Ethereum ETFs recorded net inflows of $14.45 million on Wednesday, showing a positive change after recording outflows of $48.52 million the previous day.
BlackRock's ETHA led the inflows with $18.04 million, while Franklin Templeton's EZET saw net outflows of $1.81 million.
Grayscale Ethereum Trust (ETHE) was the only spot Ethereum ETF to report negative inflows, with $5.4 million in outflows. The remaining six Ethereum ETFs saw no movement.
Total trading volume for Ethereum ETFs fell to $197.82 million from $290.81 million on Tuesday.
*This is not investment advice.