Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
US spot bitcoin ETFs continue to bleed with $37 million in net outflows

US spot bitcoin ETFs continue to bleed with $37 million in net outflows

The BlockThe Block2024/09/05 05:21
By:Timmy Shen

Grayscale’s GBTC led the outflows of spot bitcoin ETFs on Wednesday, with $34.25 million leaving the fund.Bitcoin edged up 0.97% over the past 24 hours to trade at $57,276 at the time of writing.

Spot bitcoin exchange-traded funds in the U.S. saw $37.29 million exit the products on Wednesday, extending their streak of negative flows to six days.

SosoValue data showed that on Wednesday, Grayscale’s GBTC, the second-largest spot bitcoin ETF by net assets, led the negative flows with $34.25 million in net outflows. Fidelity’s FBTC also recorded $7.59 million in net outflows, and VanEck’s HODL saw $4.91 million leave the fund.

Bitwise’s BITB was the only spot bitcoin ETF to see net inflows, with $9.46 million flowing into the fund. BlackRock’s IBIT, the largest spot bitcoin ETF, logged zero flows on Wednesday. Seven other ETFs also saw zero flows for the day.

The total daily trading volume for the 12 ETFs shrank to $1.41 billion on Wednesday from $1.56 billion on Tuesday.

Ether ETFs also logged outflows

Meanwhile, U.S. spot Ethereum ETH +1.33% ETFs experienced $37.51 million in net outflows, marking the second consecutive day of negative flows.

The Grayscale Ethereum Trust (ETHE) recorded $40.63 million in net outflows, while the Grayscale Ethereum Mini Trust (ETH) saw inflows of $3.12 million.

The seven other spot ether ETFs recorded no flows on Wednesday.

The total trading volume of the nine spot ether ETFs decreased to $145.86 million on Wednesday from $163.5 million the day before.

The price of bitcoin edged up 0.97% over the past 24 hours to trade at $57,276 at the time of writing, while ether climbed 1.61% to change hands at $2,417, according to The Block’s price page .


0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Ethereum ETFs Surpassing Bitcoin in Institutional Inflows: A Strategic Shift Toward Utility-Driven Crypto Assets

- Ethereum ETFs outpaced Bitcoin in 2025 institutional inflows, driven by utility-driven advantages and regulatory clarity under the CLARITY Act. - Staking yields (3-6%), deflationary supply, and Dencun/Pectra upgrades attracted $3B+ in Q2 2025, boosting Ethereum's TVL to $223B. - Regulatory frameworks like the GENIUS Act and 53% gas fee reductions solidified Ethereum's institutional appeal, with $27.66B in ETF assets under management by Q3 2025. - This shift reflects investor preference for yield-generati

ainvest2025/08/28 23:09
Ethereum ETFs Surpassing Bitcoin in Institutional Inflows: A Strategic Shift Toward Utility-Driven Crypto Assets

Market Manipulation Risks in Small-Cap Biotech Firms Leveraging Crypto Treasury Moves

- Small-cap biotechs exploit crypto treasury moves to inflate stock prices through regulatory arbitrage and speculative hype, raising market manipulation risks. - Pre-announcement surges in firms like ETHZilla and MEI Pharma suggest potential insider trading, with gains often collapsing post-disclosure due to delayed SEC filings. - Executives time trades around retail investor attention, leveraging asymmetric information while regulators lag in oversight, exacerbating ethical and legal gray areas. - Invest

ainvest2025/08/28 23:09
Market Manipulation Risks in Small-Cap Biotech Firms Leveraging Crypto Treasury Moves