• Market Cap: $3,291,805,625,741.18
  • 24h Vol: $100,160,153,803.85
  • BTC Dominance: 64.57%
  • CONTACT
  • MARKETCAP
Daily Cryptex - Crypto News, Articles and Insights
  • Home
  • Crypto Prices
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Altcoins
    • Stablecoins News
  • Exchange News
    • Binance News
    • Bitget News
    • ByBit News
    • Coinbase News
    • FTX News
    • OKX News
  • DeFi News
  • Metaverse News
  • NFTs News
  • Learn
Font ResizerAa
Daily Cryptex - Crypto News, Articles and InsightsDaily Cryptex - Crypto News, Articles and Insights
  • Home
  • Crypto News
  • Learn
Search
  • Home
  • Crypto News
    • Altcoins
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Stablecoins News
  • Exchange News
    • Binance News
    • Bitget News
    • ByBit News
    • Coinbase News
    • FTX News
    • OKX News
  • Decentralized Finance (DeFI) News
  • Metaverse News
  • NFTs News
Follow US
© Daily Cryptex. All Rights Reserved.
Daily Cryptex - Crypto News, Articles and Insights > Crypto News > Bitcoin (BTC) > Fidelity’s Bitcoin ETF Sees $71.73M Outflow, Ether ETFs Decline
Bitcoin (BTC)Crypto News

Fidelity’s Bitcoin ETF Sees $71.73M Outflow, Ether ETFs Decline

Burhaan Al Amin
Last updated: August 30, 2024 8:18 am
Burhaan Al Amin Published August 30, 2024
Share

Spot Bitcoin exchange-traded funds in the United States experienced their third consecutive day of net outflows, while spot Ethereum ETFs also saw a return to negative flows.

According to data from SoSoValue, the 12 spot bitcoin exchange-traded funds recorded $71.73 million in net outflows on Aug. 29, marking the third consecutive day of outflows.

Fidelity’s FBTC led the lot, logging $31.1 million in outflows on the day — its highest recorded outflows since Aug. 6. Grayscale’s GBTC continued its outflow streak, with $22.7 million leaving the fund, pushing its total outflows to date to $19.78 billion.


Fidelity’s FBTC lead $71.73m Bitcoin ETF outflows, Ether ETFs also slide - 1
Spot Bitcoin ETFs inflow/outflow | Source: SoSoValue

BlackRock’s IBIT, the largest spot Bitcoin ETF by net assets, recorded its first net outflows since May 1, amounting to $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. Ark and 21Shares’ ARKB was the only spot Bitcoin ETF to report net inflows, bringing in $5.3 million.

Meanwhile, the spot Ethereum ETFs in the U.S. returned to negative flows, recording $1.77 million in net outflows on Aug. 29, following modest inflows 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 remaining seven spot Ether ETFs saw no activity on that day.

The total trading volume for the nine ETH ETFs fell to $95.91 million on Aug. 29 from $151.57 million on Aug. 28. At the time of publication, Ethereum (ETH) was also up 0.9%, exchanging hands at $2,529.

You Might Also Like

Flow Surges 17% Following OKX Australia Listing, Key Updates

TON Foundation Unveils Trustless Bitcoin Bridge Solution

Bitcoin Outperforms Leveraged ETFs BITX and BITU

Tether’s USDT Reaches Landmark $115B Market Cap

Genesis Transfers $760M in Bitcoin to Coinbase During Sell-Off

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Reddit Telegram Threads Email Copy Link Print
Share
What do you think?
Love0
Sad0
Sleepy0
Surprise0
Angry0
Dead0
Previous Article Elon Musk Cleared in $258B Dogecoin Manipulation Lawsuit
Next Article MUNCAT Rockets 70%, Becomes Top Crypto Market Gainer
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Subscribe to our newslettern

Get Newest Articles Instantly!

Popular News
Report: Blockchain to Revolutionize Global Payment Systems
Are NFTs are stiil alive and will NFT.NYC be back in 2025? | Opinion - 1
Will NFT.NYC Return in 2025? The Future of NFTs Discussed
Is Polkadot the next FTX? $87M spending spree, racism claims, and user backlash - 1
Controversies Stir Polkadot: $87M Spree, Racism Claims, Backlash

You Might Also Like

Bitcoin below $56k puts stress on miners' profitability, analysts say - 1
Bitcoin (BTC)Crypto News

Bitcoin Dips Below $56K, Miners Face Profitability Concerns

By Burhaan Al Amin August 6, 2024
PayPal’s PYUSD market cap hits $500m after Solana expansion
AltcoinsCrypto NewsSolana (SOL)

PayPal’s PYUSD Reaches $500M Following Solana Integration

By Burhaan Al Amin July 9, 2024
Ripple hit with $125m fine for securities violations; XRP surges 18% post-ruling
AltcoinsCrypto NewsRipple (XRP)

Ripple Fined $125M for Securities Violations; XRP Surges 18%

By Burhaan Al Amin August 8, 2024
Crypto exchanges in South Korea now required to hold 80% of assets in cold storage
Crypto NewsDecentralized Finance (DeFI) News

New South Korea Rule: Exchanges Must Hold 80% in Cold Storage

By Burhaan Al Amin July 19, 2024

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Facebook X-twitter Youtube Instagram Pinterest Threads Telegram
Daily Cryptex - Crypto News, Articles and Insights

Your Source for the Latest Crypto News, Market Analysis, and Expert Insights. Stay Informed Daily!

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Info

Terms

  • About
  • Contact
  • Terms Of Service
  • Privacy Policy
  • Cookie Policy
  • Editorial Policy
  • GDPR Compliance
© Daily Cryptex. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?