{"id":582770,"date":"2024-10-02T15:03:33","date_gmt":"2024-10-02T15:03:33","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=582770"},"modified":"2024-10-02T15:03:33","modified_gmt":"2024-10-02T15:03:33","slug":"us-spot-bitcoin-etfs-suffer-worst-outflows-in-a-month-but-blackrock-still-records-inflows","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/us-spot-bitcoin-etfs-suffer-worst-outflows-in-a-month-but-blackrock-still-records-inflows","title":{"rendered":"US Spot Bitcoin ETFs Suffer Worst Outflows In A Month, But BlackRock Still Records Inflows"},"content":{"rendered":"

US spot Bitcoin ETFs (exchange-traded funds) recorded their worst net outflows yesterday since Sept. 3 after $242.6 million left the investment products.<\/span><\/p>\n

That brought an end to their 8-day streak of inflows, according to data from <\/span>SoSoValue<\/span><\/a>. This comes after BTC shed up to 6% of its value amid growing geopolitical tensions in the <\/span>Middle East<\/span><\/a> after Iran fired ballistic missiles at Israel.<\/p>\n

\"BlackRock<\/p>\n

BlackRock’s IBIT The Only Fund Among The 12 US Spot Bitcoin ETFs To Log Inflows<\/span><\/h2>\n

Despite the broader sell-off, BlackRock’s IBIT ETF stood out as the only fund to record positive inflows, with $40.84 million added during the trading session.<\/p>\n

Fidelity’s FBTC suffered the largest net outflows during Tuesday’s trading session, with investors pulling $144.67 million out of the fund. ARKB, the spot Bitcoin ETF belonging to Ark and 21Shares, recorded the second highest net outflows and its worst outflows since Aug. 27 after $84.35 million left its reserves.<\/span><\/p>\n

The funds belonging to Bitwise, VanEck and Grayscale all registered net outflows yesterday. Investors withdrew $32.7 million from Bitwise’s BITB, while VanEck’s spot Bitcoin ETF suffered $15.75 million net outflows. Meanwhile, $5.9 million left Grayscale’s GBTC.<\/span><\/p>\n

Fidelity’s Spot Ethereum ETF Sets New Daily Net Outflows Record<\/span><\/h1>\n

In addition to its spot Bitcoin ETF recording the highest outflows of the 12 funds yesterday, Fidelity’s Ethereum Fund (FETH) also set a new all-time high in daily outflows.<\/span><\/p>\n

Data from Farside Investors shows that $25 million flowed out of FETH on Oct. 1. This is the highest daily outflows recorded among all of the US spot ETH ETFs, excluding Grayscale’s ETHE.<\/span><\/p>\n

\n

Ethereum ETF Flow (US$ million) – 2024-10-01<\/p>\n

TOTAL NET FLOW: -48.6<\/p>\n

ETHA: 0
FETH: -25
ETHW: -0.9
CETH: 1.2
ETHV: 2.7
QETH: 0
EZET: 0
ETHE: -26.6
ETH: 0<\/p>\n

For all the data & disclaimers visit:https:\/\/t.co\/FppgUwAthD<\/a><\/p>\n

— Farside Investors (@FarsideUK) October 2, 2024<\/a><\/p><\/blockquote>\n