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Reading: Positive Series Ended in Spot Bitcoin ETFs! 18.66 Million Dollar Departure!
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EdaFace Newsfeed > Latest News > Crypto News > Positive Series Ended in Spot Bitcoin ETFs! 18.66 Million Dollar Departure!
Crypto News

Positive Series Ended in Spot Bitcoin ETFs! 18.66 Million Dollar Departure!

vitalclick
Last updated: October 9, 2024 10:20 am
4 months ago
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traded in the USA spot Bitcoin $62,122 ETF‘s ended a streak of positive inflows that had been going on for the past two days, with a net outflow of $18.66 million on Tuesday. Outflows were seen in various funds, most notably Fidelity’s FBTC and Grayscale’s GBTC. On the other hand, BlackRock’s IBIT was the only fund that achieved positive flow on the same day.

The Biggest Outflow in Bitcoin ETFs Was from Fidelity’s FundThere is also an exit from Spot Ethereum ETFs

The Biggest Outflow in Bitcoin ETFs Was from Fidelity’s Fund

Fidelity‘s spot ETF, FBTC, posted the biggest loss of the day with an outflow of $48.82 million. It was followed by Grayscale’s GBTC with an exit of $9.41 million. GrayscaleThis can be interpreted as remarkable, considering that it did not record any entries or exits the day before. In total, the trading volume of 12 spot Bitcoin ETFs increased from $1.22 billion to $1.35 billion.

Another fund that stood out in Tuesday’s transactions was BlackRock‘s IBIT was the only ETF to move positively with inflows of $39.57 million. The remaining nine ETFs did not record any flows.

There is also an exit from Spot Ethereum ETFs

Besides spot Bitcoin ETFs, U.S. spot Ethereum $2,429 ETF‘s also recorded a net outflow of $8.19 million on Tuesday. The biggest exit in these products, which did not experience any entry or exit on Monday, was Bitwise‘s ETHW fund amounted to $4.54 million. Fidelity’s FETH fund ranked second with an outflow of $3.65 million. No movement was seen in the other seven spot Ethereum ETFs.

The total trading volume of Spot Ether ETFs decreased to $102.37 million from $118.43 million recorded the previous day.

While these were happening on the spot ETFs side on the second trading day of the week BitcoinThe price of is trading at 62 thousand 372 dollars, decreasing by 0.32 percent in the last 24 hours. altcoin king Ethereum It finds buyers at $2,445, with an increase of 0.52 percent in the same time period.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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