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Cryptocurrency News Articles

U.S. Spot Bitcoin ETFs Record Fourth Consecutive Day of Net Outflows

Dec 25, 2024 at 03:01 pm

U.S. spot bitcoin exchange-traded funds recorded their fourth consecutive day of net outflows on Tuesday, extending their outflow streak to four days.

U.S. Spot Bitcoin ETFs Record Fourth Consecutive Day of Net Outflows

U.S. spot bitcoin exchange-traded funds (ETFs) saw a net outflow of $338.4 million on Tuesday, marking the fourth consecutive day of outflows from these funds, a trend that began last week.

The 12 ETFs now have a total net outflow of $1.52 billion over the past four days, following 15 consecutive days of inflows that saw a total of $6.7 billion enter these funds, up to Dec. 18.

The largest net outflows for the day were from BlackRock's IBIT, which saw about $188.7 million leave the fund, and Fidelity's FBTC, which saw $83 million flow out. Ark and 21Shares' ARKB also saw $75 million leave the fund.

The only net inflows for the day were from Bitwise's BITB, which saw an addition of $8.5 million. Seven other funds saw zero flows for the day, while Franklin Templeton's EZBC was unreported.

The 12 spot bitcoin ETFs traded a total of $2.16 billion on Tuesday, and their cumulative total net inflow now stands at $35.5 billion.

Among the spot ether ETFs, there were net inflows of $53.5 million on Tuesday. BlackRock's ETHA led inflows with $43.9 million, while Bitwise's ether fund had inflows of $6.2 million and Fidelity's FETH saw $3.45 million flow into the fund.

The spot ether ETFs recorded a total trading volume of $262 million on Tuesday, with their cumulative net inflows reaching $2.51 billion.

"One year ago, there were no spot crypto ETFs — A year later, this is now a $135 bil category & we have combined spot BTC & ETH ETFs coming to market," ETF Store President Nate Geraci recently wrote on X on Friday. "And that's without a crypto-friendly SEC ... 2025 could get wild."

News source:www.theblock.co

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