Spot Bitcoin exchange-traded funds (ETFs) trading in the US recorded a total net outflow of $104.99 million. This movement indicated a return to outflows after just one trading day of net inflows.
The biggest outflow of the day was seen in BlackRock’s spot Bitcoin ETF, IBIT. IBIT experienced a net outflow of $119.8 million, while Bitwise’s BITB fund saw an outflow of $10.29 million, and Ark Invest’s ARKB fund saw an outflow of $8.31 million. Grayscale’s GBTC fund also experienced a net outflow of $8.45 million.
On the other hand, some funds showed a limited but positive divergence. Fidelity’s FBTC fund recorded a net inflow of $5.89 million, while Grayscale’s Mini BTC fund saw a net inflow of $35.97 million. However, these inflows were not enough to offset the outflows seen in the overall picture.
Ethereum ETFs continue their positive streak. While Bitcoin ETFs experienced outflows, spot Ethereum ETFs maintained their positive trend. US spot Ethereum ETFs recorded a net inflow of $48.61 million, marking a second consecutive day of positive flow.
On the Ethereum side, BlackRock’s ETHA fund saw a net inflow of $22.88 million, Fidelity’s FETH fund received $14.41 million, and Grayscale’s Mini $ETH fund saw a net inflow of $11.32 million.
Analysts note that volatile fund flows in Bitcoin ETFs indicate continued market uncertainty, while steady inflows into Ethereum ETFs may suggest investors are beginning to shift towards alternative crypto assets.
*This is not investment advice.