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 & block trade
Convert crypto with one click and zero fees
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
Spot Bitcoin Exchange Traded Funds (ETFs) in the US See Massive Outflows! Is This the Reason for the Drop? Here Are the Details

Spot Bitcoin Exchange Traded Funds (ETFs) in the US See Massive Outflows! Is This the Reason for the Drop? Here Are the Details

BitcoinsistemiBitcoinsistemi2024/11/26 11:22
By:Utku Yanık

Spot Bitcoin exchange-traded funds in the US posted $438.4 million in outflows, ending a five-day streak of net inflows.

Spot Bitcoin exchange-traded funds (ETFs) in the United States recorded $438.4 million in outflows on Monday, ending a five-day streak of net inflows that brought in about $3.4 billion, according to SoSoValue data.

Spot Bitcoin ETFs See $438 Million Outflow, BTC Drops to $92,600

Important Exit Details

Bitwise's BITB: Biggest exit at $280 million.

Grayscale's GBTC: $158.2 million exit.

Fidelity's FBTC: Reports $134.7 million in outflows.

Ark and 21Shares' ARKB: $110.9 million exit.

Invesco, Valkyrie and VanEck funds also experienced negative flows.

Only two funds saw positive inflows:

BlackRock's IBIT: The largest spot Bitcoin ETF with $31.6 billion in cumulative inflows, raised $267.8 million.

Grayscale’s Mini Bitcoin Trust: Modest Introduction at $420,460

On Monday, 12 Bitcoin ETFs traded $5.6 billion, up slightly from $5.4 billion last Friday. Collectively, these funds had a combined net inflow of $30.4 billion and total net assets of $102.2 billion, representing 5.4% of Bitcoin’s market capitalization.

Bitcoin has reversed its recent gains, falling to $92,600 after approaching the $100,000 milestone last week.

Spot Ethereum ETFs See Modest Inflows

Spot Ethereum ETFs in the U.S. saw net inflows of $2.8 million on Monday. Funds from Bitwise, Fidelity and VanEck saw inflows. Two Ethereum funds from 21Shares and Grayscale reported outflows.

The total trading volume of the nine Ethereum ETFs has increased from $373.9 million last Friday to $711.2 million, with total flows now reaching $109 million.

*This is not investment advice.

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!