WATCH THE VIDEO HERE The 12-spot Bitcoin Exchange Traded Funds ended their two-day positive inflows yesterday with $81 million exiting the funds at the end of the trading hours. The case was not the same for Ethereum ETFs which recorded an inflow of $10.8 million into its nine ETF products. Spot Bitcoin ETFs which pulled in $39 million and $27.8 million on Tuesday and Monday witnessed their inflow streak cut short on Wednesday and a whopping $81 million leaving the funds. According to data from Farside Investors UK, Franklin Templeton’s EZBC led the daily inflows recording an inflow of $3.4 million while Blackrock’s IBIT, the biggest ETF product by net assets pulled in only $2.7 million. The little inflow into the funds was offset by Outflows from other ETF products. Grayscale’s GBTC led the outflow for the day with a whopping $56.9 million leaving the funds. This was followed by Fidelity’s FBTC which recorded an outflow of $18.0 million Ark and 21Shares’ ARKB recorded $6.77 million in outflows, while Bitwise’s BITB recorded $5.78 million in net outflows. According to data from Soso Value, the total daily trading volume of all the spot bitcoin funds reached $1.3 billion on Wednesday, compared to $1.18 billion on Tuesday. The outflow from the ETF funds slightly affected Bitcoin price. At the time of the report, Bitcoin is exchanging hands for $58,429 dropping by 4% in the last 24 hours with a maximum price of $61,537 and a minimum price of $57,812. The crypto asset is down 20.7% from its all-time high. The nine Ethereum ETFs recorded their third consecutive day of inflow with $10.8 million flowing into the funds. According to Data from Farside Investors UK, Blackrock’s ETHA led the inflows for the day recording a $16.1 million inflow followed by Fidelity’s FETH which pulled in $6.6 million in inflow. Bitwise ETHW recorded an inflow of $2.7 million while Grayscale’s newly converted ETH pulled in $2.3 million. Grayscales ETHE continued its bleeding streak after a one-day pause with $16.9 million leaving the funds. On Wednesday, the total trading volume of the nine ETFs amounted to $155.91 million, much lower than $190.76 million on Tuesday and $285.96 million on Monday. At the time of the report, Ethereum is exchanging hands for $2,624 dropping by 3.7% in the last 24 hours with a maximum price of $2,760 and a minimum price of $2,603. The asset is down $46.2% from its all-time high. The asset is down $46.2% from its all-time high.
Spot Bitcoin ETF ends two days of positive flow as $81 million flows out of the funds
