The US Bitcoin ETF now has a record breaking net outflow of $680 million, and both the Ethereum ETF
The cryptocurrency market has seen a correction this week, with Bitcoin (BTC) experiencing a cumulative decline of over 5% and a price of $96700 as of the deadline. Ethereum (ETH) fell nearly 15% to a price of $3330. The major cryptocurrency exchange traded funds (ETFs) have also interrupted their continuous inflow of funds for several days amid the ongoing decline in the cryptocurrency market.
According to SoSoValue statistics, the US Bitcoin spot ETF recorded a net outflow of $680 million on Thursday, setting a new high for daily net outflows and ending a 15 day trend of net inflows.
The FBTC fund issued by Fidelity had the highest net outflow amount, with an amount of approximately $209 million, setting a new record for the fund's daily net outflow. Next is Grayscale Bitcoin Mini Trust (BTC), with an amount of approximately $189 million, also setting a new high for daily net outflows. The largest iShares Bitcoin Trust (IBIT) has zero net cash flow.
Among these 12 Bitcoin ETFs, only the BTCW fund issued by WisdomTree showed a net inflow of $2.05 million on Thursday.
In addition, the US Ethereum spot ETF recorded a net outflow of $60.47 million on Thursday, ending the trend of net inflows for 18 consecutive trading days. The ETHE fund issued by Grayscale has the highest net outflow amount, with a total amount of 58.13 million US dollars.
