hold or not - Spot Bitcoin ETFs See $211 Million Outflows, Extending Losing Streak

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News Spot Bitcoin ETFs See $211 Million Outflows, Extending Losing Streak 1 min - Around 2 mins mins to read

Key points:

Fidelity’s FBTC saw the most significant outflows on Thursday, with $149.49 million.

Spot ether ETFs showed comparatively small net movements in funds.

Spot Bitcoin ETFs saw $211 million in outflows Thursday, marking seven consecutive days of negative flows. Fidelity’s FBTC led with $149.49 million in outflows.

Spot Bitcoin ETFs See Significant Outflows

U.S. spot Bitcoin ETFs continued their losing streak, posting $211.15 million in net outflows on Thursday, marking the seventh consecutive day of negative flows. Fidelity’s FBTC led the outflows with $149.49 million, followed by Bitwise’s BITB with $30 million, according to data from SoSoValue.

GBTC and Grayscale’s mini trust also saw outflows of $23.22 million and $8.45 million, respectively. Other ETFs, including BlackRock’s IBIT, reported no net outflows on the day. Total trading volume across the 12 ETFs fell to $1.35 billion.

Read more: Spot Bitcoin ETFs See BlackRock’s IBIT Log first Outflows since May

Minimal Movement in Ether ETFs Amid Market Awaiting Economic Data

U.S.-based spot Ethereum ETFs were little changed on Thursday, with a modest net inflow of $152,720. Grayscale’s ETHE reported $7.39 million in outflows, while the firm’s small trust saw $7.24 million in inflows.

Seven other ETFs saw no activity. Ether ETFs had a daily trading volume of $108.59 million as market participants awaited Friday’s U.S. non-farm payrolls data, a key indicator of future economic conditions.

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Spot Bitcoin ETFs See $211 Million Outflows, Extending Losing Streak