US spot Bitcoin ETFs posted their biggest single-day outflow since June, wiping out October's net inflows. Ether funds extended their own losing streak to a seventh straight session.
US spot Bitcoin exchange-traded funds recorded $484.9 million in net outflows on Wednesday, reversing Tuesday's $118.8 million net inflow. The withdrawals were the largest since June 25, when the funds lost $691.7 million, according to Farside Investors.
BlackRock leads Wednesday's withdrawals
Wednesday's outflows wiped out the $321.6 million in net inflows recorded over October's first four trading sessions, leaving Bitcoin ETFs with approximately $163 million in net outflows for the month. BlackRock's iShares Bitcoin Trust (IBIT) led the retreat with $207.7 million, followed by Fidelity's FBTC with $105.1 million and ARK 21Shares' ARKB with $101.7 million. IBIT had $122 million in net inflows the day before.
Bitcoin trades near $82,700
Bitcoin traded near $82,700 on Thursday, down about 2% over the previous 24 hours, according to CoinGecko.
Ether ETFs mark a seventh straight outflow
US spot Ether ETFs recorded $160.9 million in net outflows on Wednesday, extending their losing streak to seven consecutive trading sessions. Ether funds have shed approximately $569 million since Sept. 29, with BlackRock's iShares Ethereum Trust (ETHA) accounting for $116.1 million of Wednesday's withdrawals. Grayscale's Ethereum Trust (ETHE) followed with $25.8 million in outflows, according to Farside Investors.
Source: Cointelegraph.com News
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