U.S. spot bitcoin exchange-traded funds (ETFs) experienced a significant outflow on Wednesday, with $81.36 million leaving the products, according to data from SosoValue. This marked the end of a two-day streak of positive inflows. Among the funds, BlackRock’s IBIT, the largest spot bitcoin ETF by net assets, saw a net inflow of $2.68 million. Franklin’s EZBC also reported an inflow of $3.42 million, its first since July 22. These two were the only funds to register inflows on Wednesday.
In contrast, Grayscale’s GBTC reported the largest outflow, with $56.87 million in net outflows. Fidelity’s FBTC followed with $18.05 million in outflows, while Ark and 21Shares’ ARKB saw $6.77 million leave the fund. Bitwise’s BITB also recorded $5.78 million in net outflows. Six other spot bitcoin ETFs had no flows on the day.
The total daily trading volume for all spot bitcoin funds reached $1.3 billion on Wednesday, slightly up from $1.18 billion on Tuesday.
Spot Ether ETF Trading Volume Drops as Market Remains Volatile
In the broader ETF market, U.S. spot ether ETFs showed mixed performance. The Grayscale Ethereum Trust (ETHE) saw $16.95 million in outflows, the only spot ether ETF to report a loss on Wednesday. However, the Grayscale Ethereum Mini Trust (ETH), the second-largest spot ether ETF by net assets, reported inflows of $2.26 million after two days of zero activity.
BlackRock’s ETHA led the spot ether ETFs with $16.13 million in inflows. Fidelity’s FETH followed with $6.65 million, and Bitwise’s ETHW logged $2.67 million in net inflows.
Overall, the total trading volume for the nine ether ETFs amounted to $155.91 million on Wednesday, a drop from $190.76 million on Tuesday and $285.96 million on Monday. The mixed performance of spot ether ETFs also reflects the ongoing fluctuations in the crypto market. This highlights the need for investors to monitor closely.
