On Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) reported a net outflow of $169.9 million, bringing an end to a consecutive two-day inflow. Fidelity’s FBTC witnessed an exodus of $113.8 million from its fund, while Ark and 21Shares’ ARKB also recorded outflows amounting to $113.3 million according to data from SoSoValue. These two ETFs were the only ones to experience outflows on that day.
However, these outflows were somewhat balanced by inflows into six other ETFs. BlackRock’s IBIT, the top spot bitcoin ETF in terms of net assets, saw a net inflow of $30.6 million. Bitwise’s BITB also experienced an inflow of $12.8 million. Additionally, Grayscale’s Bitcoin Mini Trust, VanEck’s HODL, Valkyrie’s BRRR, and Invesco’s BTCO all witnessed positive inflows.
The $169.9 million outflow on Wednesday came after a two-day inflow streak, with the 12 ETFs recording $76.4 million and $1.5 million in inflows on Tuesday and Monday respectively.
Bitcoin’s value rose by 1.41% in the last 24 hours, standing at $84,687 at time of press, after briefly surpassing $85,000 on Wednesday, as per The Block’s price page. Meanwhile, Ether saw a 1.79% increase, trading at $1,600. Investors remain vigilant of the ongoing trade disputes between the U.S. and China, as the White House contemplates imposing tariffs as high as 245% on Chinese exports.
In contrast, spot ether ETFs continued their outflow trend yesterday with $12 million exiting their products, thereby extending their negative flow streak to seven days.
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