U.S. spot Bitcoin exchange-traded funds (ETFs) experienced significant net outflows of $91.76 million on Wednesday, marking the second consecutive day of negative flows.
The largest outflow came from Ark and 21Shares’ ARKB, which saw $60.28 million exit the fund.
Grayscale’s GBTC, the second-largest spot Bitcoin ETF by net assets, recorded $27.31 million in outflows, while BlackRock’s IBIT, the largest spot Bitcoin ETF, registered its first daily outflows since September 9, losing $13.74 million. Bitwise’s BITB also saw outflows of $11.51 million. Meanwhile, seven other Bitcoin ETFs recorded no inflows or outflows.
The total trading volume for these ETFs dropped to $1.66 billion on Wednesday, down from $2.53 billion the previous day.
Ether ETFs Show Inflows
In contrast, U.S. spot Ethereum ETFs recorded net inflows of $14.45 million on Wednesday, a positive shift after logging 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.
The Grayscale Ethereum Trust (ETHE) was the only spot Ether ETF to report negative flows, with outflows of $5.4 million. The remaining six Ether ETFs recorded no movement.
Total trading volume for these Ether ETFs fell to $197.82 million, down from $290.81 million on Tuesday.
