The post BTC and ETH ETFs See Significant Outflows appeared first on Coinpedia Fintech News
After a streak of six consecutive inflow days, BTC ETFs have faced a net outflow of $370M. Fidelity’s FBTC saw the largest single-day outflow of $175.11M despite posting a 4.79% daily price gain to $80.06. ARKB, another major BTC ETF, followed with a $108.58M outflow, even as its price climbed 4.84% to $91.50.
Similarly, Ethereum ETFs experienced their first net outflow day in six days, totaling $59.87M. Grayscale’s ETHE led the losses with a $40.30M outflow, closing the day at $25.99 (-0.19%). Fidelity’s FETH also recorded a notable $18.44M outflow, with its price slightly declining to $30.90 (-0.29%).