Bitcoin and Ethereum ETFs Experience Joint Outflows in the U.S.
On August 2, spot Bitcoin and Ethereum exchange-traded funds in the U.S. saw a combined outflow, with Bitcoin ETFs recording a net outflow of $237.4 million. This marked the largest outflow since May, when they experienced $563.8 million in outflows.
Bitcoin ETFs Witness Significant Outflows
Among the 11 spot Bitcoin ETFs in the U.S., the Fidelity Wise Origin Bitcoin Fund (FBTC) experienced the largest outflow of $104.1 million, followed by Ark and 21Shares’ ARKB with $87.7 million in outflows. Grayscale’s GBTC, Bitwise’s BITB, and VanEck’s HODL also saw notable outflows on that day.
Ethereum ETFs Also Register Outflows
Similarly, the nine U.S. spot Ethereum ETFs recorded a net outflow of $54.3 million on August 2, led by Grayscale’s ETHE with $61.4 million in outflows. Despite Fidelity’s FETH and Franklin’s EZET experiencing inflows, they could not offset the overall loss from ETHE’s outflows.
