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US Spot Bitcoin and Ethereum ETFs Face Net Losses Amid Volatile Market

This article was published more than a year ago. Some information may no longer be current.

Based on the latest data, U.S. spot bitcoin exchange-traded funds (ETFs) ended the day with net losses, while spot ethereum ETFs also experienced a decline.

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US Spot Bitcoin and Ethereum ETFs Face Net Losses Amid Volatile Market

$18.66M Flows Out of Bitcoin ETFs as Ethereum Funds Also Falter

On Tuesday, the 12 spot bitcoin ETFs saw $18.66 million flow out, with a trading volume hitting $1.35 billion. Blackrock’s IBIT was the only standout, pulling in $39.57 million in positive inflows. Yet, these gains were overshadowed by Fidelity’s FBTC, which dropped $48.82 million, and Grayscale’s GBTC, which slipped by $9.41 million.

Meanwhile, the rest of the BTC ETFs—including ARKB, BITB, HODL, BRRR, EZBC, BTCW, BTCO, DEFI, and Grayscale’s Bitcoin Mini Trust—showed no movement in either direction. The $18.66 million in outflows on Tuesday brings the group’s net inflows since Jan. 11 to a solid $18.72 billion. Altogether, the 12 funds hold $57.72 billion in bitcoin ( BTC) reserves, according to statistics collected by sosovalue.xyz.

The nine ether ETFs didn’t fare much better, with $8.19 million leaving the funds. Bitwise’s ETHW took the biggest hit, dropping $4.54 million, followed closely by Fidelity’s FETH, which shed $3.65 million. The rest of the ether ETFs remained flat with no gains or losses. The nine funds collectively saw $102.37 million in trading activity and are sitting on $6.67 billion in BTC reserves, according to data from sosovalue.xyz.

The recent ETF performance highlights a volatile landscape for both bitcoin and ether markets, with only a few funds managing to attract positive inflows. As trading volumes persist, these fluctuations suggest ongoing uncertainty among investors. Whether this trend continues or reverses remains to be seen.

What do you think about the crypto ETF action on Tuesday? Share your thoughts and opinions about this subject in the comments section below.