Bitcoin ETFs Experience Significant Outflows, Only Bitwise Sees Inflows

• U.S. spot Bitcoin ETFs saw $37.29 million in outflows, extending negative flows for six days.
• Grayscale's GBTC led the outflows with $34.25 million, while Bitwise's BITB saw net inflows of $9.46 million.
• Fidelity's FBTC and VanEck's HODL also experienced significant outflows.
• Ether ETFs recorded $37.51 million in outflows, with Grayscale's ETHE leading the way.
• The total trading volume for Bitcoin ETFs decreased to $1.41 billion.
• Bitcoin's price rose 0.97% to $57,276, while Ether climbed 1.61% to $2,417.

Summary :
Spot bitcoin exchange-traded funds (ETFs) in the U.S. experienced significant outflows on Wednesday, with $37.29 million leaving the products. Grayscale's GBTC led the negative flows with $34.25 million in net outflows, followed by Fidelity's FBTC with $7.59 million, and VanEck's HODL with $4.91 million. Bitwise's BITB was the only spot bitcoin ETF to see net inflows, with $9.46 million flowing into the fund. BlackRock's IBIT had zero flows. The total daily trading volume for the 12 ETFs decreased to $1.41 billion. Additionally, spot Ethereum ETFs saw $37.51 million in net outflows, with the Grayscale Ethereum Trust (ETHE) recording $40.63 million in outflows. The total trading volume for the nine spot ether ETFs decreased to $145.86 million. The price of bitcoin increased by 0.97% to $57,276, while ether climbed 1.61% to $2,417.

Sources :

- TheBlock
- Bitcoinmagazine
- Coindesk
- TheBlock
- CoinTelegraph