US spot bitcoin ETFs saw $91 million in net outflows yesterday, led by Ark’s ARKB

Quick Take

  • U.S. spot bitcoin ETFs recorded net outflows of $91.7 million on Wednesday.
  • Ark and 21Shares’ ARKB led the outflows with $60.2 million exiting the fund.

U.S. spot bitcoin exchange-traded funds saw outflows of $91.76 million on Wednesday, extending their streak of negative flows to two consecutive days.

Ark and 21Shares’ ARKB led the outflows on Wednesday with $60.28 million leaving the product. Grayscale’s GBTC, the second-largest spot bitcoin ETF by net assets, recorded $27.31 million in net outflows.

BlackRock’s IBIT, the largest spot bitcoin ETF, reported net outflows of $13.74 million, marking its first daily outflows since Sept. 9. Bitwise’s BITB experienced outflows of $11.51 million, while the seven other spot bitcoin ETFs logged zero flows.

The total trading volume for all these ETFs shrank to $1.66 billion on Wednesday, down from $2.53 billion on Tuesday.

Bitcoin edged down 0.46% over the past 24 hours to trade at around $61,183 at the time of writing, while ether slid 3.77% to change hands at $2,391, according to The Block’s price page.

Ether ETFs saw inflows

Meanwhile, spot Ethereum ETFs in the U.S. recorded $14.45 million in net inflows on Wednesday, after logging outflows of $48.52 million the day before.

BlackRock’s ETHA saw $18.04 million flow into the fund, while Franklin Templeton’s EZET reported net outflows of $1.81 million.

The Grayscale Ethereum Trust (ETHE) was the only spot ether ETF to record negative flows, with outflows of 5.4 million. The six other spot ether ETFs saw zero flows.

These nine ETFs’ total trading volume decreased to $197.82 million on Wednesday, down from $290.81 million on Tuesday.


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About Author

Timmy Shen is an Asia editor for The Block. Previously, he wrote about crypto and Web3 for Forkast.News from Taiwan after spending more than three years in Beijing covering finance, entertainment business and current affairs at Caixin Global and Chinese tech at TechNode. His China-related reporting has also appeared in The Guardian. When he's not chasing headlines, you'll find him savoring hot pot and shabu shabu in a Taipei local haunt. Timmy holds an MS degree from Columbia University Graduate School of Journalism. Send tips to [email protected] or get in touch on X/Telegram @timmyhmshen.

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