Ethereum

Bitcoin

Spot

The U.S. Bitcoin spot exchange-traded funds have recorded a daily outflow of $54.94 million as of Nov. 1, and Ethereum follows suit with a $10.93 million outflow. 
The latest data from <a href="https://sosovalue.com/assets/etf/us-btc-spot" target="_blank" rel="nofollow">SoSoValue</a> shows that the U.S. Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank">BTC</a>) spot ETFs exhibited a $54.94 million outflow on Nov. 1. 
The one-day net inflow of IBIT stood at $0. According to the data, the cumulative net inflow of IBIT stood at $26.14 billion. 
On the other hand, GBTC exhibited a $5.51 million outflow, which has brought its cumulative net inflow to -$20.16 billion. 
FBTC, ARKB, and BITB showcased a net outflow of $25.64 million, $24.13 million, and $5.64 million, respectively. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="509" src="https://crypto.news/app/uploads/2024/11/Screenshot-2024-11-02-at-10.09.03 PM-1024x509.png" alt="Bitcoin ETFs record total daily outflow of $54.94 million as BTC hovers at $69,000 - 27" class="wp-image-14307759">
 <figcaption class="wp-element-caption">
 US BTC Spot ETF inflow data from SoSoValue
 </figcaption>
</figure> 
Grayscale Bitcoin Mini Trust is the only one that enjoyed an inflow of $13.51 million. This has brought its cumulative net inflow as of Nov. 1 to $502.07 million. 
The majority of the Bitcoin ETFs reported outflows primarily rather than inflows. The cumulative total net inflow of all Bitcoin ETFs came around $24.15 billion as of Nov. 1. 
 Read more: <a rel="" href="https://crypto.news/ethereum-price-could-slip-by-40-peter-brandt-argues/"> Ethereum price could slip by 40%, Peter Brandt argues </a> 
<h3 class="wp-block-heading" id="ethereum-etfs-record-10-93-million-in-outflow">Ethereum ETFs record $10.93 million in outflow</h3> 
In comparison to Bitcoin ETFs, Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank">ETH</a>) ETFs also recorded a negative outflow date with $10.93 million. The cumulative total net inflow also stood at -$491.44 million as per SoSoValue data. 
Interestingly, ETHE is the only Ethereum ETF that recorded an outflow of $11.43 million. This brought its cumulative net inflow to -$3.13 billion. 
Other ETFs, including ETHA, ETH, FETH, ETHW, ETHV, and EZET, stood at $0 with no inflow or outflow. 
QETH, on the other hand, enjoyed over $502,000 in inflow, bringing its cumulative net inflow to $25.82 million. 
The poor inflow comes when the overall crypto market cap has plunged to $2.32 trillion. Bitcoin price has dropped to the $69,400 level, while Ethereum has gone down to the $2,490 level at press time. 
 You might also like: <a rel="" href="https://crypto.news/how-has-vcs-interest-in-crypto-evolved-opinion/"> How has VCs’ interest in crypto evolved? | Opinion </a>

Bitcoin ETFs record total daily outflow of $54.94 million as BTC hovers at $69,000

Table of Contents

crypto.news

Other articles published on Nov 2, 2024

21Shares Eyes Spot XRP ETF Amid Regulatory Uncertainty

Strong U.S. economy brings big expectations for the next president

Q3 sees Google Cloud racing past rivals in high-stakes AI war

GRASS Token Surges Following Successful Airdrop

Tether Reveals Company Asset Reserves Amid Scrutiny

UBS Launches Ethereum-Based Tokenized Fund “uMINT”

Join our free newsletter for daily crypto updates!