Spot Bitcoin exchange-traded funds (ETFs) saw a net outflow of $131.35 million on Monday, marking the end of a 12-day sequence in which they received $6.6 billion.
In a single day, ARKB, which ARK Invest owns, lost the most outflow at $77.46 million. Then, according to SoSoValue statistics, GBTC (Grayscale) lost $36.75 million, and FBTC (Fidelity) lost $12.75 million.
Additionally, BITB (Bitwise) and HODL (VanEck) also saw modest outflows of $1.91 million and $2.48 million, respectively. Despite being the biggest fund in terms of net assets ($86.16 billion), BlackRock’s IBIT saw no changes in capital.
Ethereum ETFs Break Inflow Records as Bitcoin ETFs Slow
The situation is looking stable with $54.62 billion in cumulative net inflows and $151.60 billion in total net assets across all spot Bitcoin ETFs, which is equivalent to 6.52% of Bitcoin’s market value. The strength of overall holdings is also supported by earlier reports on Bitcoin ETF accumulation trends.
According to Vincent Liu, chief investment officer at Kronos Research, investors cashed out on their gains while prices were at record highs. He explained that the recent withdrawals from exchange-traded funds (ETFs) reflect this trend. Positioning, not fear, is at play here; it’s the obvious next step following a powerful ascent.
As investor interest in Ethereum (ETH) continues to rise, spot Ethereum exchange-traded funds (ETFs) saw a net inflow of $296.59 million on Monday. This brought the total net inflow to $7.78 billion.
The current run is going strong, and it’s now reached 12 days. On Wednesday, Ethereum ETFs saw a record-breaking $726.74 million daily inflow, the most since their launch. On Thursday, increasing demand for Ether products added $602.02 million.
