COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Spot Bitcoin and Ethereum ETFs Experience Significant Net Outflows
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Cryptocurrency News > Spot Bitcoin and Ethereum ETFs Experience Significant Net Outflows
Cryptocurrency News

Spot Bitcoin and Ethereum ETFs Experience Significant Net Outflows

In Brief

  • Spot Bitcoin ETFs recorded significant outflows exceeding $388 million recently.

  • Spot Ethereum ETFs also faced net outflows, indicating declining investor interest.

  • Market volatility is influencing the performance of both Bitcoin and Ethereum ETFs.

Ömer Ergin
Ömer Ergin 8 months ago
Share
SHARE

Spot Bitcoin $108,693 exchange-traded funds (ETFs) in the U.S. recorded net outflows for the third consecutive day, totaling $54.13 million on Thursday and exceeding $388 million over the last three days. Ark Invest and 21Shares’ ARKB fund led this movement with a $57.97 million outflow, while Fidelity’s FBTC fund also saw a $37.21 million exit. In contrast, BlackRock’s IBIT fund was the top performer with a net inflow of $35.96 million.

Contents
Status of Spot Bitcoin ETFsSpot Ethereum ETFs Also Experience Increased Outflows

Status of Spot Bitcoin ETFs

On Thursday, the total daily trading volume of spot Bitcoin ETFs was recorded at $1.13 billion, reflecting a significant decrease from the previous day’s $1.66 billion. Furthermore, BlackRock’s IBIT fund attracted a net inflow of $35.96 million, followed by Bitwise’s BITB fund with $2.65 million and Invesco’s BTCO fund with $2.44 million in net inflows.

Meanwhile, other funds such as Grayscale’s GBTC reported no inflows or outflows. Since their launch in January, these funds have collectively reached a net inflow of $18.47 billion. Despite the decline in trading volume for spot Bitcoin ETFs, the ability of some funds to secure net inflows indicates the lingering effects of market volatility.

Spot Ethereum ETFs Also Experience Increased Outflows

Similar to spot Bitcoin ETFs, spot Ethereum $2,714 ETFs have continued to face net outflows. On Thursday, net outflows from spot Ethereum ETFs amounted to $3.2 million in the U.S. Grayscale’s ETHE fund had the largest outflow with $14.69 million, while Fidelity’s FETH fund recorded an outflow of $587,090. However, BlackRock’s ETHA fund partially offset these outflows with a net inflow of $12.08 million.

The trading volume of spot Ethereum ETFs was noted at $115.66 million on Thursday, down from $197.82 million the previous day. Since their release in July, spot Ethereum ETFs have experienced a total net outflow of $561.05 million, indicating reduced investor interest amid market fluctuations.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Russia Opens Doors to Crypto Securities with Strategic Limitations

Cetus Community Takes Decisive Action Following Major Cyberattack

NVIDIA Data Momentarily Halts BTC Price Drop

Trump’s Inconsistent Moves Shake the Crypto Market

Bitcoin and Altcoin Prospects as Cryptocurrency Faces Challenges

Ömer Ergin 4 October, 2024 - 9:40 am 4 October, 2024 - 9:39 am
Share This Article
Facebook Twitter
Share
Previous Article DEGEN Memecoin Surges Following Coinbase Listing Announcement
Next Article Aerodrome Achieves Record Weekly Trading Volume in Base Layer 2 Network
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Trump Media Fuels Market Frenzy with Massive Bitcoin Acquisition
Ripple (XRP)
Fed Guards Interest Rate Cuts as Economic Uncertainty Looms
Economy
Pakistan Sets a Bold Path with Strategic Bitcoin Reserve
Bitcoin (BTC)
BlackRock’s iShares Bitcoin Trust Dominates the Market with Massive Capital Influx
Bitcoin (BTC)
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?