$BTC
#MarketPullback Bitcoin ETFs faced $523 million in outflows, led by Fidelity’s FBTC fund.
Spot Ether ETFs recorded $422.3 million in withdrawals, marking the second-largest daily outflows.
Bitcoin and Ether declined as traders took profits ahead of key upcoming economic events.
On Tuesday, U.S. spot Bitcoin and Ether exchange-traded funds (ETFs) recorded heavy net outflows as large investors adjusted their positions before upcoming macroeconomic events. As per data from Farside, Bitcoin ETFs faced combined daily outflows of $523 million, not including data from Invesco’s BTCO, which has not yet been released.
Fidelity Wise Origin Bitcoin Fund (FBTC) recorded outflows of $246.9 million on Tuesday, while Grayscale Bitcoin Trust ETF (GBTC) experienced withdrawals totaling $115.53 million. Funds managed by Bitwise, Ark, and 21Shares also experienced significant investor withdrawals. In contrast, BlackRock’s iShares Bitcoin Trust (IBIT) remained unchanged, showing no activity in flows during the day.