U.S. spot bitcoin ETFs recorded $18.66 million in net outflows on Tuesday, ending a two-day positive flow streak. Fidelity’s FBTC led the outflows with $48.82 million exiting the product, according to SoSoValue data.
Grayscale’s GBTC, the second largest spot bitcoin ETF by net assets, also saw $9.41 million in outflows after reporting no flows the previous day. In contrast, BlackRock’s IBIT, the largest spot bitcoin ETF, was the only fund to experience inflows, with $39.57 million added to the ETF. The remaining nine ETFs recorded zero flows.
The total trading volume for the twelve products reached $1.35 billion on Tuesday, an increase from $1.22 billion on Monday.
Meanwhile, spot Ethereum ETFs in the U.S. observed $8.19 million in net outflows on Tuesday after reporting no flows the day before. Bitwise’s ETHW experienced the largest outflows of the day, with $4.54 million leaving the fund, while Fidelity’s FETH logged outflows of $3.65 million.
The total trading volume for the nine ETFs decreased to $102.37 million on Tuesday, compared to $118.43 million the prior day.
At the time of writing, Bitcoin edged down 0.32% over the past 24 hours to trade at $62,372, while Ether gained 0.52% to change hands at $2,445, according to The Block’s price page.
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