Bitcoin ETFs and Ethereum ETFs see net outflows of $700 million and $280 million, respectively, the largest in two months.
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Source: Trader T (X: @thepfund)
Bitcoin ETFs see largest outflows in two months.
US spot Bitcoin ETFs recorded a net outflow of $707.3 million (KRW 1.039731 trillion) on the day. This was the largest outflow in the past two months, reflecting investors' risk-averse sentiment amidst increasing market volatility.
By ETF, BlackRock's IBIT suffered the largest outflow, with $355.23 million (KRW 522.1881 billion), followed by Fidelity's FBTC with $287.67 million (KRW 422.8749 billion). Bitwise's BITB saw $25.87 million (KRW 38.0289 billion), and Ark Invest's ARKB saw $29.83 million (KRW 43.8501 billion).
In contrast, VanEck's HODL showed an exceptional trend, recording a net inflow of $6.35 million (KRW 9.3345 billion). Invesco's BTCO, Franklin's EZBC, WisdomTree's BTCW, and Grayscale's Bitcoin Mini ETF experienced no inflows or outflows.
Grayscale's GBTC lost $11.25 million (KRW 16.5375 billion), and Valkyrie's BRRR lost $3.8 million (KRW 5.586 billion).
Ethereum ETFs also saw $280 million in outflows.
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Source: Trader T (X: @thepfund)
BlackRock's ETHA showed the largest outflow with $246.78 million (KRW 362.7666 billion), followed by Fidelity's FETH with $30.89 million (KRW 45.48 billion), VanEck's ETHV with $4.42 million (KRW 6.4974 billion), and Grayscale's ETHE with $11.38 million (KRW 16.7286 billion).
Grayscale's Ethereum mini ETF alone recorded a net inflow of $10.01 million (KRW 14.7147 billion), while Bitwise's ETHW, Invesco's QETH, and Franklin's EZET saw no change in funds. Data for 21Shares' TETH was not disclosed.
Joohoon Choi joohoon@blockstreet.co.kr
