On Thursday, US spot bitcoin exchange-traded funds experienced net withdrawals of $211.15 million, continuing their seven-day trend of negative flows. The FBTC fund managed by Fidelity experienced the highest outflow, amounting to a total of $149.49 million.
BITB, a company owned by Bitwise, incurred a net loss of $30 million. The GBTC ETF managed by Grayscale experienced a net outflow of $23.22 million and an additional outflow of $8.45 million.
There were no funds that reported any new money coming in yesterday, and the other eight funds, including IBIT which is held by BlackRock, did not record any money coming in for the day.
The aggregate daily trading volume for the 12 ETFs decreased by $1.35 billion, going from $1.41 billion on Wednesday. The spot Bitcoin funds have accumulated a total of $17.06 billion in net inflows since their inception in January. On Thursday, US-spot Ethereum ETFs experienced net outflows of around $152,720.
Among Grayscale’s ether products, just two reported net flows. The trading volume for Ether funds on this day was lower than the trading volume of $145.86 million on Wednesday. Since being listed in July, the funds have experienced a total loss of $562.31 million.
