Spot Bitcoin ETFs Face $44M Outflows as Market Volatility Hits New Highs

Spot Bitcoin ETFs- Ether ETFs Experience Negative Flows; Bitcoin Price Shows Recent Gains

Spot Bitcoin ETFs– Spot bitcoin exchange-traded funds (ETFs) in the U.S. experienced notable net outflows of $43.97 million on Wednesday, ending a positive flow streak that lasted for two days. This sudden shift highlights the volatility and investor sentiment fluctuations in the bitcoin market.

Ark Invest and 21Shares Lead Outflows

Among the ETFs, Ark Invest and 21Shares’ ARKB reported the largest outflows, totaling $54.03 million, according to data from SoSoValue. This significant withdrawal overshadowed other ETFs in the market, reflecting a notable change in investor behavior.

Grayscale and Fidelity ETFs Show Mixed Results

Grayscale’s GBTC also saw net outflows of $4.59 million, while its Bitcoin Mini Trust experienced a smaller $511,230 in outflows. On the other hand, Fidelity’s FBTC led the inflows for the day with $12.57 million, and Invesco’s BTCO saw $2.59 million in net inflows. These contrasting performances underscore varying investor preferences and market reactions.

Flat Performance for Other Bitcoin Funds

The remaining seven funds, including BlackRock’s IBIT, reported zero daily flows. IBIT has not experienced net inflows since August 26, indicating a period of stagnation for this particular fund.

Increased Trading Volume for Bitcoin ETFs

The 12 bitcoin ETFs collectively saw a daily trading volume of $1.27 billion on Tuesday, a significant increase from $712.25 million the previous day. Since their launch in January, these funds have accumulated $17 billion in net inflows, reflecting ongoing investor interest despite recent outflows.

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