US Bitcoin ETFs Post Biggest Daily Outflow Since June as Ether Funds Bleed Again

US spot Bitcoin exchange traded funds lost $484.9 million in net outflows on Wednesday, flipping Tuesday’s $118.8 million inflow. It was the heaviest single day withdrawal since June 25, when investors pulled $691.7 million, based on Farside Investors data. The exit also wiped out the $321.6 million that came in during October’s first four trading sessions, leaving the funds with roughly $163 million in net outflows for the month. Bitcoin traded near $82,700 on Thursday, down about 2% over 24 hours, according to Blockto.

IBIT, FBTC and ARKB Lead the Withdrawals

BlackRock’s iShares Bitcoin Trust led the exits with $207.7 million, a sharp turn from the $122 million it took in a day earlier. Fidelity’s FBTC followed with $105.1 million, and ARK 21Shares’ ARKB lost $101.7 million.

Spot Ether ETF Outflows Extend to Seven Straight Sessions

US spot Ether ETFs recorded $160.9 million in net outflows on Wednesday, stretching their losing run to seven consecutive trading sessions. Since Sept. 29, these funds have shed about $569 million.

ETHA and ETHE Outflow Breakdown

BlackRock’s iShares Ethereum Trust accounted for $116.1 million of Wednesday’s withdrawals, while Grayscale’s Ethereum Trust saw $25.8 million leave.