US Bitcoin ETFs shed $485M in biggest daily outflow since June
Bitcoin ETFs erased October’s net inflows with $485 million in withdrawals, while Ether funds logged a seventh straight outflow session.
US Bitcoin ETFs experienced a significant $485 million daily outflow on Wednesday, marking the largest such withdrawal since June 25. This marked a shift from the previous day's $118.8 million net inflow, erasing October's net inflows and leaving the sector with approximately $163 million in net outflows for the month. The leading institutions responsible for the outflows were BlackRock's iShares Bitcoin Trust (IBIT), Fidelity's FBTC, and ARK 21Shares' ARKB.
Meanwhile, US spot Ether ETFs also recorded a substantial $160.9 million in net outflows, extending their losing streak to seven consecutive sessions. The outflows were primarily driven by BlackRock's iShares Ethereum Trust (ETHA) and Grayscale's Ethereum Trust (ETHE).
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