Bitcoin (BTC) and Ether (ETH) Spot ETFs in the US See Joint Outflows on Sept. 11 After a Day of Positive Flows
- 王林Original
- 2024-09-12 18:03:11914browse
According to data from SoSoValue, the 12 spot Bitcoin ETFs in the U.S. logged a net outflow of $43.97 million on Sept. 11
U.S. exchange-traded funds tracking the performance of Bitcoin and Ether experienced outflows on Sunday, a day after both types of funds saw net inflows, according to data from SoSoValue.
The 12 spot Bitcoin ETFs in the U.S. together saw a net outflow of $43.97 million on Sunday, ending two days of positive flows.
ARK 21Shares’ ARKB recorded the largest outflows among the ETFs on Sunday, with $54 million in withdrawals, according to SoSoValue. Grayscale’s GBTC followed with net outflows amounting to $4.6 million, while its Bitcoin Mini Trust registered outflows of about $511,230.
On the other hand, Fidelity’s FBTC led the inflows for the day, recording $12.6 million in net additions. Invesco’s BTCO followed with $2.6 million in inflows. The remaining seven BTC ETFs, including BlackRock’s IBIT, saw no trading activity on the day. Notably, IBIT, the largest spot BTC ETF by net assets, has not seen any net inflows since Aug. 26.
Overall, these ETFs have seen net positive flows in the last three days, with total inflows into all spot BTC ETFs at approximately $101.7 million.
Total trading volume for the 12 BTC ETFs jumped to $1.27 billion on Sunday, significantly higher than the $717 million seen the previous day. These funds have recorded a cumulative total net inflow of $17 billion since inception. At the time of writing, Bitcoin (BTC) was up 2.7% over the past 24 hours, trading at $57,932, according to data from crypto.news.
Meanwhile, the nine U.S. spot Ethereum ETFs also recorded a net outflow of $542,870 on Sunday, led by VanEck’s ETHV with $1.7 million in outflows. Fidelity’s FETH was the only ETF to record inflows, at $1.2 million. However, it was significantly lower than ETHV’s outflows and could not offset the overall loss.
The remaining Ether ETFs remained neutral on that day.
These investment vehicles also saw their daily trading volume rise to $126.2 million on Sunday, an increase from the previous day. The spot Ether ETFs have experienced a cumulative net outflow of $562.6 million to date. At the time of publication, Ethereum (ETH) was also up by 1%, trading at $2,354.
The above is the detailed content of Bitcoin (BTC) and Ether (ETH) Spot ETFs in the US See Joint Outflows on Sept. 11 After a Day of Positive Flows. For more information, please follow other related articles on the PHP Chinese website!