On Thursday, the US spot Bitcoin exchange-traded funds (ETFs) recorded the exit of $54.13 million, marking their third straight day of outflow.\u00a0<\/span><\/p>\n Similarly, <\/span>Ethereum-based ETFs posted $3.20 million in net outflows<\/b>, led by Grayscale\u2019s ETHE, which recorded an outflow of $14.7.<\/span><\/p>\n Meanwhile, the broader crypto market shows signs of recovery after a few days of downward slip.<\/span><\/p>\n According to data from SosoValue, the US spot Bitcoin ETFs recorded $54.13 million in net <\/span>outflows on Thursday<\/span><\/a>, October 3. ARK Invest and 21Shares\u2019 ARKB led the negative flow, <\/span>with about $57.97 million in net outflows<\/b>.<\/span><\/p>\n ARKB\u2019s newest net outflows came after it recorded an exit of about $60.3 million the previous day. As of October 3, <\/span>ARKB boasts net inflows of $2.51 billion<\/b>.<\/span><\/p>\n Fidelity\u2019s FBTC ranked second, with net outflows of $37.21 million. As of October 3, it boasted net inflows of $9.93 billion.<\/span><\/p>\n Impressively, BlackRock\u2019s IBIT pioneered positive flows for the day as it amassed $35.96 million in net inflows. Bitwise\u2019s BITB followed with $2.65 million in net inflows, while Invesco\u2019s BTCO accumulated net inflows of $2.44 million.<\/span><\/p>\n The other Bitcoin ETFs, including Grayscale\u2019s GBTC, posted zero net flows for the day.<\/span><\/p>\n Following the trend on Thursday, all the ETFs had a daily trade volume of $1.13 billion, <\/span>a slight decline from the previous day\u2019s volume of $1.66 billion<\/b>. The Bitcoin ETFs had net inflows of $18.47 billion.<\/span><\/p>\n The Ethereum-based ETFs within the US also recorded negative influence from the bears. On Thursday, <\/span>ETH ETFs saw net outflows of $3.2 million<\/b>.<\/span><\/p>\n According to data from <\/span>Farside Investors<\/span><\/a>, two ETFs recorded overall negative flows. Grayscale\u2019s ETHE had the largest outflow, amounting to $14.7 million for the day. <\/span>Fidelity\u2019s FETH was the second ETF with $600,000 in net outflows<\/b>.<\/span><\/p>\n BlackRock\u2019s ETHA was the only ETH ETF with positive flows amounting to $12.1 million for the day. The remaining six ETH ETFs posted zero net flows for the day.\u00a0<\/span><\/p>\n The nine US ETH ETFs recorded a daily trade volume of $115.66 million, up from $197.82 million the previous day. Following their launch in July, the products reflected net outflows of $561.05 million.<\/span><\/p>\n Meanwhile, the broader crypto market<\/a> shows signs of recovery, as the total valuation surged by 2.32% to reach $2.14 trillion.<\/span><\/p>\n Bitcoin has regained its hold on the $61,000 region after slipping to the $60,000 threshold. BTC trades at $61,394, <\/span>indicating a 1.20% increase over the past day<\/b>.<\/span><\/p>\n Moreover, Bitcoin\u2019s market cap now sits at $1.21 trillion as BTC reflects a 56.90% dominance over the altcoins. On its part, Ethereum\u2019s price rose by over 1.40% to hover around $2,381, with a market cap of over $286.52 billion.<\/span><\/p>\n Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now!<\/p>\nBitcoins Spot Bitcoin ETFs Mark Third Day Of Negative Flow Streak, Lossing Over $54 Million<\/b><\/h2>\n
Bitcoins Ethereum-Based ETFs Loss $3.2 Million Amid Slight Recovery In Broader Crypto Market<\/b><\/h2>\n
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