The negative flow trend continues for Bitcoin ETFs as they reported net outflows of $54.13 million on Thursday, marking the third consecutive day of declines. This highlights a significant shift in investor sentiment as cumulative outflows now exceed $388 million.
U.S. Bitcoin ETFs Record $54 Million Outflow on Third Consecutive Day
According to SoSoValue data, the largest outflows were seen in ARKB from Ark Invest and 21Shares, which lost $57.97 million. Fidelity’s FBTC also reported significant outflows of $37.21 million during the same period.
However, not all funds saw withdrawals. BlackRock’s IBIT led the way with inflows of $35.96 million, followed by Bitwise’s BITB, which saw a smaller outflow of $2.65 million, and Invesco’s BTCO, which posted a gain of $2.44 million. Seven other funds, including Grayscale’s GBTC, reported no flow activity for the day.
Overall, spot Bitcoin ETFs saw a total trading volume of $1.13 billion on Thursday, down from $1.66 billion the previous day. Despite recent outflows, these funds have accumulated a net inflow of $18.47 billion since their launch in January.
Ethereum ETFs See Continued Outflows
Ethereum ETFs also reported net outflows on Thursday, with $3.2 million withdrawn. Grayscale’s ETHE led the outflows, losing $14.69 million, while Fidelity’s FETH experienced outflows of $587,090.
On the positive side, BlackRock’s ETHA reported inflows of $12.08 million, partially offsetting the losses. Six other Ethereum ETFs reported no significant activity throughout the day.
The total trading volume for Ether ETFs was $115.66 million on Thursday, down from $197.82 million the day before. Since their launch in July, Ethereum ETFs have recorded net outflows of $561.05 million.
