Monday marked the end of a 12-day sequence in which spot Bitcoin exchange-traded funds (ETFs) received $6.6 billion, as they saw a net outflow of $131.35 million.
In a single day, ARKB, which is owned by ARK Invest, lost $77.46 million, the most outflow. Then, according to SoSoValue statistics, GBTC (Grayscale) lost $36.75 million and FBTC (Fidelity) lost $12.75 million.
Additionally, BITB (Bitwise) and HODL (VanEck) also saw modest outflows of $1.91 million and $2.48 million, respectively. Despite being the biggest fund in terms of net assets ($86.16 billion), BlackRock’s IBIT did not see any changes in capital.
Ethereum ETFs set new inflow records as Bitcoin ETFs cool off
With $54.62 billion in cumulative net inflows and $151.60 billion in total net assets across all spot Bitcoin ETFs, which is equivalent to 6.52% of Bitcoin’s market value, the situation is looking stable. Earlier reports on Bitcoin ETF accumulation trends also support the strength of overall holdings.
Vincent Liu, chief investment officer at Kronos Research, said that investors cashed out on their gains. While prices were at record highs, explaining that the recent withdrawals from exchange-traded funds (ETFs) reflect this trend. Positioning, not fear, is at play here; it’s the obvious next step following a powerful ascent.
As investor interest in Ethereum (ETH) continues to rise, spot Ethereum exchange-traded funds (ETFs) had a net inflow of $296.59 million on Monday. Thus, bringing the total net inflow to $7.78 billion.
The current run is going strong, and it’s now reached 12 days. On Wednesday, Ethereum ETFs had a record-breaking $726.74 million daily inflow, the most since they were launched. On Thursday, $602.02 million were added due to increasing demand for Ether products.
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