Spot Bitcoin ETFs Lose $340M
The 12 US spot-based Bitcoin exchange-traded funds yesterday experienced their fourth consecutive day of net outflows, bringing the total outflow streak to four days.
Data from SoSoValue shows that these 12 ETFs saw a total of $338.4 million leave the funds, adding up to a net outflow of $1.52 billion over the past four days.
This comes after a string of 15 days with positive flows leading up to December 18, where a total of $6.7 billion was drawn into the funds. The bulk of the outflows were seen in BlackRock’s IBIT, with around $188.7 million exiting the fund, followed by Fidelity’s FBTC with $83 million leaving.
Ark and 21Shares’ ARKB also reported $75 million in net outflows. The only fund to see net inflows on Tuesday was Bitwise’s BITB, which added $8.5 million. Seven other funds had no flows for the day, while Franklin Templeton’s EZBC was not reported. In total, the 12 spot-based Bitcoin ETFs traded $2.16 billion on Tuesday, with a cumulative net inflow of $35.5 billion.
On the other hand, spot-based ether ETFs saw $53.5 million in net inflows on Tuesday. BlackRock’s ETHA had the highest inflow of $43.9 million, followed by Bitwise’s ether fund with $6.2 million, and Fidelity’s FETH with $3.45 million in inflows.
