Cryptocurrency market experienced a correction this week, with Bitcoin (BTC) recording a cumulative decline of over 5% and ending at $96,700 before the deadline. Ethereum (ETH) also dropped nearly 15%, reaching a price of $3,330. Major cryptocurrency exchange-traded funds (ETFs) have also interrupted their continuous inflow of funds amidst the ongoing market decline.
According to data compiled by SoSoValue, the US Bitcoin spot ETF recorded a net outflow of $680 million on Thursday, setting a new record for single-day net outflow and ending the trend of consecutive 15 trading days of net inflow.
The highest net outflow amount was from Fidelity’s FBTC fund, totaling approximately $209 million, setting a new record for single-day net outflow. Grayscale’s Bitcoin Mini Trust Fund (BTC) followed closely with an amount of approximately $189 million, also setting a new record for single-day net outflow. The largest iShares Bitcoin Trust Fund (IBIT) showed zero net fund flow.
Among these 12 Bitcoin ETFs, only WisdomTree’s BTCW fund recorded a net inflow on Thursday, amounting to $2.05 million.
In addition, the US Ethereum spot ETF recorded a net outflow of $60.47 million on Thursday, ending the trend of consecutive 18 trading days of net inflow. The highest net outflow amount was from Grayscale’s ETHE fund, totaling $58.13 million.
Why Did FamilyMart Enter the Cryptocurrency Sector? Trump’s Second Son Reveals the Truth Behind It.
He stated that the family originally had no plans to enter this field, but the banking sys…