📉💸 Massive Outflows Hit Bitcoin & Ethereum ETFs! 💸📉
Yesterday, Bitcoin and Ethereum spot ETFs saw heavy net outflows totaling over $960M.
🔹 According to SoSoValue:
🇺🇸 US Bitcoin Spot ETFs lost nearly $812M, marking the second-largest daily outflow in history.
Out of 12 BTC ETFs, 8 had outflows.
📊 Top Bitcoin ETF Outflows: 1️⃣ Fidelity FBTC: -$331M (Total inflow: $12.08B)
2️⃣ Ark & 21Shares ARKB: -$328M (Total inflow: $2.39B)
3️⃣ Grayscale GBTC: -$66.79M
4️⃣ Grayscale BTC: -$33.60M
5️⃣ Bitwise BITB: -$38.27M (Total inflow: $2.26B)
6️⃣ Franklin EZBC: -$6.57M
7️⃣ Invesco BTCO: -$5.08M
8️⃣ BlackRock IBIT: -$2.58M
💰 Total BTC ETF Net Asset Value: $146.48B
📈 Share of BTC Market Cap: 6.46%
📥 Cumulative Inflow: $54.18B
🌐 On the Ethereum side:
ETH ETFs had $15.2M in net outflows, ending a 20-day inflow streak.
Except for BlackRock’s ETHA, all 8 ETH ETFs saw outflows.
📊 Top Ethereum ETF Outflows: 1️⃣ Grayscale ETH: -$47.68M
2️⃣ Bitwise ETHW: -$40.30M
3️⃣ Grayscale ETHE: -$37.20M
💰 Total ETH ETF Net Asset Value: $20.12B
📉 Share of ETH Market Cap: 4.70%
📥 Cumulative Inflow: $9.49B
#BitcoinETF #EthereumETF #CryptoFunds #ETFFlow #BTC #ETH #BinanceSquare 🚀📉