US Bitcoin spot ETFs experienced a third straight day of net outflows, while Ethereum spot ETFs also returned to negative flows.
On August 29, 12 Bitcoin ETFs recorded net outflows of $71.73 million, marking the third straight day of outflows, according to SoSoValue.
FIdelity’s FBTC fund led the way, recording outflows of $31.1 million in a day, the highest recorded outflow since August 6. Grayscale’s GBTC fund continued to see outflows, with $22.7 million leaving the fund, bringing total outflows to date to $19.78 billion.
BlackRock’s IBIT, the largest spot Bitcoin ETF by net assets, recorded its first net outflow since May 1 of $13.5 million. Despite this, the fund’s total net inflows remain at $20.91 billion.
Other funds, such as Bitwise’s BITB and Valkyrie’s BRRR, saw outflows of $8.1 million and $1.7 million, respectively. 21Shares’ Ark and ARKB were the only spot Bitcoin ETFs to report net inflows, bringing in $5.3 million.
Total daily trading volume for 12 spot Bitcoin ETFs fell to $1.64 billion on August 29, down from $2.18 billion the day before. At the time of writing, Bitcoin (BTC) is down 0.4% over the past day, trading at $59,342, according to crypto.news.
Meanwhile, US Ethereum spot ETFs returned to negative flows, recording a net outflow of $1.77 million on August 29 after a modest inflow of $5.84 million the day before.
Grayscale’s ETHE was the only spot Ethereum ETF to report outflows, losing $5.3 million, which was partially offset by $3.6 million in net inflows into the Grayscale Ethereum Mini Trust. The other seven spot Ether ETFs saw no activity that day.
Total trading volume across the nine ETH ETFs fell to $95.91 million on August 29 from $151.57 million on August 28. At press time, Ethereum (ETH) was also up 0.9% to $2,529.
