US spot Bitcoin exchange-traded funds posted $484.9 million in net outflows on Wednesday, marking their biggest one-day withdrawal since June 25, according to Farside Investors. The move reversed Tuesday’s $118.8 million net inflow and erased the $321.6 million that Bitcoin funds had added over the first four trading sessions of October, leaving the category down about $163 million for the month.
BlackRock’s iShares Bitcoin Trust (IBIT) saw the largest withdrawal at $207.7 million, followed by Fidelity’s FBTC with $105.1 million and ARK 21Shares’ ARKB with $101.7 million. IBIT had posted $122 million in net inflows a day earlier. CoinGecko data showed Bitcoin trading near $82,700 on Thursday, down about 2% over the previous 24 hours.
US spot Ether ETFs also remained under pressure. The funds recorded $160.9 million in net outflows on Wednesday, extending their run of daily withdrawals to seven straight sessions. Since Sept. 29, Ether funds have lost about $569 million. BlackRock’s iShares Ethereum Trust (ETHA) accounted for $116.1 million of Wednesday’s outflows, while Grayscale’s Ethereum Trust (ETHE) logged $25.8 million in withdrawals.
US spot Bitcoin exchange-traded funds recorded $484.9 million in net outflows on Wednesday, reversing Tuesday’s $118.8 million net inflow and marking the biggest daily withdrawal since June 25.
Data from Farside Investors showed the latest outflow was the largest since the funds lost $691.7 million on June 25.
October gains were fully erased
The withdrawals wiped out the $321.6 million in net inflows recorded during the first four trading sessions of October, leaving US spot Bitcoin ETFs with roughly $163 million in net outflows for the month.
BlackRock’s iShares Bitcoin Trust (IBIT) led Wednesday’s withdrawals with $207.7 million in net outflows. Fidelity’s FBTC followed with $105.1 million, and ARK 21Shares’ ARKB posted $101.7 million in outflows. IBIT had taken in $122 million in net inflows the previous day.
CoinGecko data showed Bitcoin trading near $82,700 on Thursday, down about 2% over the past 24 hours.
Spot Ether ETFs extend losing streak
US spot Ether ETFs recorded $160.9 million in net outflows on Wednesday, stretching their losing streak to seven consecutive trading sessions.
Since Sept. 29, Ether funds have shed about $569 million. BlackRock’s iShares Ethereum Trust (ETHA) accounted for $116.1 million of Wednesday’s withdrawals, while Grayscale’s Ethereum Trust (ETHE) posted $25.8 million in outflows, according to Farside Investors.
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