Bitcoin ETF

Bitcoin

Spot

US spot Bitcoin ETFs (exchange-traded funds) recorded their worst net outflows yesterday since Sept. 3 after $242.6 million left the investment products.
That brought an end to their 8-day streak of inflows, according to data from <a href="https://sosovalue.com/assets/etf/us-btc-spot" rel="noopener noreferrer nofollow">SoSoValue</a>. This comes after BTC shed up to 6% of its value amid growing geopolitical tensions in the <a href="https://insidebitcoins.com/news/bitcoin-tumbles-oil-surges-as-israel-vows-revenge-for-iran-missile-attack-dampening-uptober-optimism" rel="noopener noreferrer nofollow">Middle East</a> after Iran fired ballistic missiles at Israel.
<img decoding="async" src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/db45cad485514e42a7b650d10deb4ed0.jpeg" alt="BlackRock Bitcoin ETF IBIT Sees Zero Inflows for Fifth Day But Here's the Twist: Guest Post by Coingape News Media | CoinMarketCap">
<h2 id="span-style-font-weight-400-blackrock-s-ibit-the-only-fund-among-the-12-us-spot-bitcoin-etfs-to-log-inflows-span">BlackRock’s IBIT The Only Fund Among The 12 US Spot Bitcoin ETFs To Log Inflows</h2>
Despite the broader sell-off, BlackRock’s IBIT ETF stood out as the only fund to record positive inflows, with $40.84 million added during the trading session.
Fidelity’s FBTC suffered the largest net outflows during Tuesday’s trading session, with investors pulling $144.67 million out of the fund. ARKB, the spot Bitcoin ETF belonging to Ark and 21Shares, recorded the second highest net outflows and its worst outflows since Aug. 27 after $84.35 million left its reserves.
The funds belonging to Bitwise, VanEck and Grayscale all registered net outflows yesterday. Investors withdrew $32.7 million from Bitwise’s BITB, while VanEck’s spot Bitcoin ETF suffered $15.75 million net outflows. Meanwhile, $5.9 million left Grayscale’s GBTC.
<h1 id="span-style-font-weight-400-fidelity-s-spot-ethereum-etf-sets-new-daily-net-outflows-record-span">Fidelity’s Spot Ethereum ETF Sets New Daily Net Outflows Record</h1>
In addition to its spot Bitcoin ETF recording the highest outflows of the 12 funds yesterday, Fidelity’s Ethereum Fund (FETH) also set a new all-time high in daily outflows.
 Data from Farside Investors shows that $25 million flowed out of FETH on Oct. 1. This is the highest daily outflows recorded among all of the US spot ETH ETFs, excluding Grayscale’s ETHE.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Ethereum ETF Flow (US$ million) – 2024-10-01
 TOTAL NET FLOW: -48.6
 ETHA: 0 FETH: -25 ETHW: -0.9 CETH: 1.2 ETHV: 2.7 QETH: 0 EZET: 0 ETHE: -26.6 ETH: 0
 For all the data &amp; disclaimers visit:<a href="https://t.co/FppgUwAthD" rel="noopener noreferrer nofollow">https://t.co/FppgUwAthD</a>
 — Farside Investors (@FarsideUK) <a href="https://twitter.com/FarsideUK/status/1841323173255561589?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 2, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Collectively, the funds followed a similar flow trend to that experienced by their Bitcoin counterparts, with $48.6 million outflows recorded across the 9 issuers.
<h3 id="span-style-font-weight-400-related-articles-span">Related Articles:</h3>
<ul>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/best-wallet-unveils-upcoming-tokens-feature-for-easy-access-to-new-crypto-presales" rel="noopener noreferrer nofollow">Best Wallet Unveils ‘Upcoming Tokens’ Feature For Easy Access To New Crypto Presales</a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/controversy-erupts-as-ethereums-vitalik-buterin-defends-hezbollah-betting-markets-on-polymarket" rel="noopener noreferrer nofollow">Controversy Erupts As Ethereum’s Vitalik Buterin Defends Hezbollah Betting Markets On Polymarket</a></li>
 <li style="font-weight: 400;"><a href="https://insidebitcoins.com/news/degen-price-prediction-degen-surges-98-but-experts-say-consider-this-vote-to-earn-meme-coin-for-100x-gains" rel="noopener noreferrer nofollow">Degen Price Prediction: DEGEN Surges 98%, But Experts Say Consider This Vote-To-Earn Meme Coin For 100X Gains</a></li>
</ul>

US Spot Bitcoin ETFs Suffer Worst Outflows In A Month, But BlackRock Still Records Inflows

Table of Contents

Inside Bitcoins

Other articles published on Oct 2, 2024

Analysts Predict Bright Future for Altcoins

Ripple CEO Anticipates Rise in XRP ETF Applications

Positive Streak Ends in US Spot Bitcoin Exchange Traded Funds (ETFs)! Biggest Outflow in Recent D...

Spot Bitcoin ETF Outflows Break Eight-Day Gain Streak

Is Solana’s 7% Price Drop a Signal of a Bigger Trend?

Why Caroline Ellison Was Sentenced to Two Years in Prison

Join our free newsletter for daily crypto updates!