SoSoValue’s weekly ETF flow report showed significant outflows in Bitcoin and Ethereum spot ETFs. A total of $87.77 million in net outflows occurred from Bitcoin spot ETFs during the period December 1–5.
Bitcoin and Ethereum Spot ETFs Exceed $1.53 Billion in Net Outflows Last Week: ARKB and ETHA Lead the Way
Fidelity’s FBTC ETF saw the highest inflows of the week. FBTC attracted $61.96 million in inflows during the week, bringing its total historical inflow to $12.09 billion. Bitwise’s BITB ETF came in second, with $9.3 million in weekly inflows, bringing the total to $2.26 billion.
The biggest outflow of the week was recorded by ARK Invest and 21Shares’ ARKB ETF. ARKB topped the list with a net outflow of $77.86 million, while the product’s total historical inflow stands at $1.75 billion.
BlackRock’s IBIT ETF ranked second with weekly outflows of $48.99 million, while IBIT saw total inflows of $62.52 billion. Bitcoin spot ETFs hold a total asset value of $117.11 billion, representing a 6.57% share of Bitcoin’s market capitalization.
During the same period, Ethereum spot ETFs also experienced notable outflows. Total weekly outflows were announced at $65.59 million. Fidelity’s FETH ETF saw the highest inflows, with weekly inflows of $35.5 million, bringing the total to $2.62 billion. Grayscale’s mini Ethereum ETF, ETH, saw inflows of $7.51 million for the week.
Meanwhile, the biggest outflow occurred in the BlackRock ETHA ETF. ETHA had the weakest performance of the week with $55.87 million in outflows. Grayscale’s ETHE product saw $53.17 million in outflows. Ethereum spot ETFs have a total asset value of $18.94 billion, representing 5.19% of the total market capitalization.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/significant-outflows-continue-in-bitcoin-and-ethereum-etfs-here-are-the-details/
