Bitcoin ETF Outflows Hit $370M; Ethereum ETFs Also See Decline

 
Ritu Lavania
Written By 
Ritu Lavania
November 18, 2024

The outflow streak for both Bitcoin(BTC) ETF and Ethereum(ETH) ETFs continues to persist, as BTC ETF hits $370M and ETH ETF hits $59.8M respectively.

US Ethereum spot ETFs had a net inflow of $578 Million last week (November 11 to November 15, Eastern Time), and a $63.11 Million outflow. US Bitcoin spot ETFs had a net inflow of approximately $2.44 Billion, and a net outflow of $770.77 million.

Bitcoin ETF flows as of November 15

According to sosovalue, the daily net outflow of the U.S. spot BTC ETF market was $370.10 million, and the cumulative total net inflow now stands at $27.46 billion. The outflows as of November 15 included a $175.11 million withdrawal from Fidelity (FBTC), $108.58 million from Ark & 21Shares (ARKB), $47.04 Million drained from Grayscale(BTC) $22.54 Million from Grayscale(GBTC) and $7.44 million from Bitwise (BITB). Notably, none of the firms witnessed an inflow into BTC ETFs, as of November 15.

Courtesy: sosovalue

At the time of writing, Bitcoin is currently trading at $90,549.26 after a dip of 0.12% in the past day, note that the value has surged by $806 since the morning report.  

Ethereum ETF Flows as of November 15

The daily net outflow of the U.S. spot Ethereum ETF market was $59.87 Million, and the cumulative total net inflow now stands at $178.40 Million. When noted individually, the Grayscale Ethereum Trust ETF( ETHE) had an outflow of $40.30 Million as of November 15.

Courtesy: sosovalue

Fidelity (fETH) witnessed an outflow of $18.44 Million and VanEck(ETHV) witnessed an outflow of $1.12 Million. Yet again, no inflows into ETH ETFs were seen as of November 15.

Ethereum, on the other hand, is trading at $3,115.66 after a surge of 0.12% in the past day.

 

See more
Ritu Lavania
Written by Ritu Lavania

Ritu Lavania is a versatile Web3 content creator with over three years of experience in the crypto space. She is part of the team at CryptoNewsZ, where she writes insightful and engaging content. She has also contributed to TheCryptoTimes and The Coin Edition, where her work has been well received by the crypto community. Skilled in research, creative writing, SEO, and cross-functional collaboration, she creates content tailored to diverse audiences. ionate about education, she dedicates time to teaching kids and expressing herself through poetry. Always eager to learn, she continuously explores new trends in blockchain and digital assets. She believes in the power of storytelling to make complex crypto topics more accessible and engaging for readers worldwide.