Bitcoin ETFs see $105 million outflow, ARK leads with $59.3 million loss

08/29/2024 16:30
report
Bitcoin ETFs see $105 million outflow, ARK leads with $59.3 million loss

Ethereum ETFs show first inflow since Aug. 14.

Bitcoin ETFs see $105 million outflow, ARK leads with $59.3 million loss Bitcoin ETFs see $105 million outflow, ARK leads with $59.3 million loss 6 seconds ago

Quick Take

Recent data from Farside highlights outflows in Bitcoin ETFs totaling $105.3 million. Out of 11 ETF issuers, six experienced outflows, with ARK’s ARKB leading the way, losing $59.3 million. Fidelity’s FBTC saw a $10.4 million outflow, while Bitwise’s BITB and VanEck’s HODL lost $8.7 million and $10.1 million, respectively.

Grayscale’s products also experienced outflows, with $8.0 million and $8.8 million withdrawn from GBTC and BTC, respectively. Despite outflows over the past two trading days, BlackRock’s IBIT did not register any outflows. The cumulative total net inflow for Bitcoin ETFs remains positive at $17.85 billion.

BTC ETF Flows: (Source: Farside)
BTC ETF Flows: (Source: Farside)

On the other hand, Ethereum ETFs have shown a slight positive shift, registering their first inflow since Aug. 14, with $5.9 million coming in. However, Grayscale’s ETHE continued to see outflows, albeit at a reduced rate of $3.8 million. According to Farside data, the cumulative total net outflow for Ethereum ETFs stands at $475.7 million.

ETH ETF Flows: (Source: Farside)
ETH ETF Flows: (Source: Farside)
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