Editor's PiCK
U.S. Bitcoin and Ethereum spot ETFs posted net outflows of $1.207 billion and $540 million, respectively, last week
Summary
- U.S. Bitcoin spot ETFs saw net outflows of $1.207 billion last week.
- Ethereum spot ETFs also recorded net outflows of $540 million.
- Large sums flowed out of BlackRock's IBIT and ETHA, while some ETFs showed net inflows.
U.S. spot exchange-traded funds (ETFs) for Bitcoin (BTC) and Ethereum (ETH) continued to see large net outflows last week.
On the 24th (local time), TraderT reported that Bitcoin spot ETFs recorded total net outflows of $1,207,000,000 (about 1.78 trillion won) last week, and Ethereum ETFs saw $540,000,000 (about 740 billion won) withdrawn.
For Bitcoin spot ETFs, BlackRock's IBIT alone saw an outflow of $1,076,000,000, accounting for most of the total outflows. Fidelity recorded net outflows of $116,000,000, while Grayscale saw net inflows of $102,000,000. Last week's Bitcoin ETF trading volume was $40,000,000,000, one of the largest on record, and the most traded price level was $91,845.
In Ethereum spot ETFs, BlackRock's ETHA recorded the largest net outflow, with $562,000,000 withdrawn. Meanwhile, Grayscale's ETHE saw net inflows of $49,000,000 and Bitwise's ETHW recorded net inflows of $14,000,000, indicating some capital re-entry. The weekly ETH ETF trading volume was around $12,000,000,000, and the most actively traded price level was $2,741.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.![[Market] Bitcoin falls below $82,000...$320 million liquidated over the past hour](https://media.bloomingbit.io/PROD/news/93660260-0bc7-402a-bf2a-b4a42b9388aa.webp?w=250)
