The U.S. spot Bitcoin exchange-traded fund (ETF) shed $81.36 million on Wednesday, ending a two-day run of positive activity.
BlackRock’s IBIT, the largest spot Bitcoin ETF by net assets, saw net inflows of $2.68 million. data At SosoValue, Franklin’s EZBC recorded its first net inflow since July 22, with $3.42 million in inflows. It was the only two funds to report inflows on Wednesday.
Grayscale’s GBTC reported the largest outflow among the funds, with a net outflow of $56.87 million, followed by Fidelity’s FBTC with $18.05 million, Ark and 21Shares’ ARKB with $6.77 million, and Bitwise’s BITB with $5.78 million.
The other six spot Bitcoin ETFs had no movement at all on the day.
Total daily trading volume across all spot Bitcoin funds reached $1.3 billion on Wednesday, up from $1.18 billion on Tuesday.
The Spot Ether ETF continued its positive trend.
Meanwhile, 9 branches Ethereum Ethereum
-4.13%
The ETF recorded net inflows of $10.77 million on Wednesday, extending its streak of positive inflows for the third straight day, according to SosoValue. data.
Grayscale Ethereum Trust (ETHE) continued to see outflows, with $16.95 million flowing out of the product. It was the only spot ether ETF to see outflows.
The Grayscale Ethereum Mini Trust (ETH), the second-largest spot ETH ETF by net assets, saw modest inflows of $2.26 million after two consecutive days of no inflows.
BlackRock’s ETHA saw the largest inflow among ETFs, with $16.13 million. Fidelity’s FETH recorded $6.65 million in inflows, while Bitwise’s ETHW experienced a net inflow of $2.67 million.
The total trading volume of the nine ETFs on Wednesday was $155.91 million, down from $190.76 million on Tuesday and $285.96 million on Monday.
Bitcoin Bitcoin
-4.66%
At the time of writing, it was trading at $58,323, down 4.33% over the last 24 hours. Price page of the blockEther fell 3.19% to trade at $2,642.
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