Bitcoin, ether ETFs snap multi-day inflow streaks with $219 million in combined outflows
-
Investors pulled $219.2 million from U.S.-listed spot bitcoin and ether funds on Wednesday, marking the first day of net redemptions for both asset classes after a week of consecutive inflows.
A $163.5 million outflow ended a seven-session streak of net inflows for spot bitcoin products, while the ether fund cohort posted its first net negative flow of $55.7 million since March 9, according to data from Farside and CoinGlass.
BlackRock's IBIT, the largest spot bitcoin fund by assets, recorded its first net outflow in eight days, with $33.9 million exiting the vehicle. The product had taken more than $900 million over the prior seven sessions, including $169.3 million on March 17.
Fidelity's FBTC led the bitcoin ETF redemptions overall, posting $103.8 million in net outflows, its second-largest single-day exit for the month so far, while Grayscale’s GBTC saw $18.8 million leave the fund. Bitwise’s BITB also recorded a $7 million net outflow as the rest of the funds posted zero flows.
The ether fund cohort saw $55.7 million exit, led by Fidelity's FETH, which witnessed $37.1 million in net outflows for the day. Grayscale's ETHE posted $8.9 million in redemptions, while Bitwise's ETHW recorded outflows of $4.7 million. VanEck's ETHV also saw $4.8 million exit the fund as BlackRock's ETHA posted a $1.3 million net outflow compared to a $1.1 million net inflow for its new ETHB Ethereum staking ETF.
The outflows coincided with a broader market decline. Bitcoin (BTC) fell below $70,000 during Asian trading hours on Thursday and is currently changing hands for $69,699, according to The Block's BTC price page. The world's largest cryptocurrency is down around 4.1% over the past 24 hours.
Ether (ETH) dropped 4.3% to $2,159 over the same period, The Block’s ETH price page shows.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
source: https://www.tradingview.com/news/the_block:14062f00a094b:0-bitcoin-ether-etfs-snap-multi-day-inflow-streaks-with-219-million-in-combined-outflows/
Hello! It looks like you're interested in this conversation, but you don't have an account yet.
Getting fed up of having to scroll through the same posts each visit? When you register for an account, you'll always come back to exactly where you were before, and choose to be notified of new replies (either via email, or push notification). You'll also be able to save bookmarks and upvote posts to show your appreciation to other community members.
With your input, this post could be even better 💗
Cadastrar Login