Net outflow of approximately 140 million RMB for MeBitcoin spot ETF fifth consecutive day of outflows

Net outflow of approximately 140 million RMB for MeBitcoin spot ETF fifth consecutive day of outflows

Net outflow of approximately 140 million RMB for MeBitcoin spot ETF fifth consecutive day of outflows

The US Bitcoin spot exchange-traded funds (ETF) saw net outflows for the fifth consecutive day on Thursday, with a total outflow of $139.88 million. According to data from SoSoValue, the US Bitcoin spot ETF has seen net outflows for five consecutive days, with a net outflow of $139.88 million yesterday. Most ETFs maintained net outflows or no fund flows, with the only exception being BlackRock’s IBIT, which recorded a net inflow of approximately $1 million yesterday. The total trading volume of ETFs on Thursday reached $1.16 billion, lower than the $1.7 billion on Tuesday. Since its launch in January this year, these 11 Bitcoin spot ETFs have accumulated a total net inflow of $14.67 billion. On the other hand, several ETF issuers are also actively pushing for the approval of Ethereum ETFs. According to a previous report from Zombit, the issuers of Ethereum spot ETFs received comments from the US Securities and Exchange Commission (SEC) on their S-1 documents last week, and they need to make modifications to these documents and submit them before Friday.