Total value of U.S. spot Bitcoin ETFs falls to lowest level since May 1

Mars Finance News, according to The Block, the value of US spot Bitcoin and spot Ethereum ETFs hit a multi-month low. On Friday, the outflow of funds from US spot Bitcoin ETFs was close to $170 million, bringing the cumulative total value of 12 funds on the market to $48.24 billion, the first time the value has fallen below $50 billion in a month, and the lowest cumulative value since May 1. Although BlackRock's IBIT fund had no inflows or outflows, Grayscale's GBTC, which ranked second, had an outflow of $53 million, while Fidelity's FBTC had an outflow of $85 million, the highest value on Friday. Bitwise's BITB had an outflow of $14 million, while Ark & 21Shares ARKB had an outflow of $7 million, and Grayscale's BTC Mini Trust and Valkyrie's BRRR both had outflows of about $5 million. The total daily outflow was close to $170 million, which was the eighth consecutive trading day of outflows from Bitcoin spot funds.