Bitcoin and Ethereum Spot ETFs See Net Outflow for 6th Consecutive Day
According to the data, Fidelity’s FBTC fund recorded a positive net inflow of $1.13 billion, while ARK Invest’s ARKB ETF saw a net inflow of $82.93 million.
In contrast, BlackRock IBIT, the market’s largest Bitcoin ETF, attracted attention with a net outflow of $375 million.
Thus, the total asset value of Bitcoin spot ETFs stood at $139.15 billion, representing 6.72% of Bitcoin’s total market capitalization. In total, these ETFs saw net inflows of $60.28 billion.
Similarly, Ethereum spot ETFs continued their decline for the sixth consecutive day, recording a net outflow of $1.19 billion on November 5. The Grayscale ETH Mini Trust fund saw net inflows of $24.05 million, the Fidelity FETH ETF saw net inflows of $3.45 million, and the BlackRock ETHA ETF led the way with net outflows of $147 million.
The total asset value of Ethereum spot ETFs currently stands at $22.74 billion, accounting for 5.46% of ETH’s total market capitalization.
*This is not investment advice.
Continue Reading: Bitcoin and Ethereum ETFs Continue to Lose Weight! The Breakout Streak Extends to 6 Days! Here’s All the Data
