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

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