Image Credit: KITCO
Spot Bitcoin exchange-traded funds saw a third day of outflows on Oct. 3, totaling $361.2 million
SoSoValue reported $54.13 million in net outflows from the 12 U.S.-listed spot Bitcoin ETFs on Thursday, Oct. 3, following a $91.76 million withdrawal the day before.
After four consecutive days of decreases, ARK 21Shares’ ARKB fund led the field with $57.97 million in withdrawals, with $212.1 million leaving this week. A day of good inflows earlier in the week didn’t stop Fidelity’s FBTC from trailing with $37.21 million in outflows.
BlackRock’s IBIT, the largest spot Bitcoin ETF by net assets, defied the trend by attracting $35.96 million, raising its total since its debut to $21.5 billion.
Bitwise’s BITB and Invesco’s BTCO both saw minor inflows of $2.65 million and $2.44 million. The remaining spot Bitcoin ETFs were neutral daily.
On October 3, total trading activity across the 12 Bitcoin ETFs fell to $1.13 billion from the previous day.
Despite recent outflows, these funds have received $18.47 billion in net inflows since their founding. At the time of posting, Bitcoin was trading sideways at $61,213 (btc, 2.22%).
Spot Ether ETFs lose $3.2m
The trend continued with $3.2 million daily outflows in U.S. spot Ethereum ETFs. Grayscale’s ETHE led outflows with $14.69 million, followed by Fidelity’s FETH with $587,090.
BlackRock’s Ethereum Trust ETHA netted $12.08 million, offsetting the losses. The six remaining spot Ether ETFs were unchanged today.
On Oct. 3, nine ether ETFs traded $115.66 million, down from $197.82 million the day before. These ETFs have lost $561.05 million since July. Ethereum (eth) 2.27%
Ethereum traded at $2,381 press time.
Wiz, a cybersecurity company that has garnered significant attention, is acquiring a substantial amount of cloud security technology in order…
Zepto raises $350 million in its third funding round in six months to bolster its position against rivals ahead of…
After a test campaign with over 25 million transactions from two million wallets, Polygon-based Prom launched its mainnet to boost…
As its test program advances, SpaceX has executed its second agreement to transport a cargo to the Moon via a…
Brave said on Thursday that it will be adding an AI chat mode for follow-up questions based on the first…
Circle introduces USDC and CCTP on Aptos, facilitating cross-chain transfers as Stripe integrates Aptos for fiat-to-USDC conversion and payments. Circle…