US spot bitcoin ETFs end eight-day inflow streak with $127 million in net outflows yesterday
U.S. spot bitcoin ETFs returned to net outflows after eight straight days of positive flows.Ether ETFs saw their ninth day of total daily net outflows.
Spot bitcoin exchange-traded funds in the U.S. returned to net outflows on Tuesday, ending the eight-day streak of positive flows based on data from SoSoValue. The U.S. spot bitcoin ETFs had drawn in $756 million during the eight-day run.
The U.S. spot bitcoin funds saw $127 million net outflows, while Valkyrie’s BRRR has not been updated. The net outflows were led by Ark 21Shares’ ARKB, which reported negative flows of $101.97 million, SoSoValue data showed.
Grayscale’s GBTC saw net outflows of $18.32 million, along with $6.76 million from Bitwise’s BITB. Eight funds, including BlackRock’s IBIT, saw zero flows on Tuesday.
The U.S. spot bitcoin funds, excluding BRRR, saw a total trade volume of $1.2 billion. Since January, they have accumulated $17.95 billion worth of net inflows.
Ether ETFs see ninth outflow day
Meanwhile, spot ether ETFs continued to their ninth consecutive day of net outflows, reporting $3.45 million in negative flows yesterday.
Grayscale’s ether fund recorded a daily net outflow of $9.18 million, countered by $3.88 million net inflows into Fidelity’s FETH and $1.86 million into Bitwise’s ETHW.
Spot ether funds saw $129.95million in trading volume on Monday, remaining in a level significantly lower than late July’s volumes of around $900 million. The funds have accumulated total net outflows of $481.32 million.
Bitcoin traded down 5.75% over the past 24 hours to $59,514, while ether slid 8.02% to change hands at $2,481 at the time of writing, according to The Block's price page.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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