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ScottMelker
Oct 23, 2024
Partner

On Tuesday, U.S. spot Bitcoin ETFs reversed course after seven days of net inflows, reporting net outflows of $79.09 million. Ark and 21Shares’ ARKB accounted for the bulk, with $134.74 million exiting the fund. However, BlackRock’s IBIT, the largest Bitcoin ETF, logged $42.98 million in inflows, and smaller gains were recorded by Fidelity’s FBTC and VanEck’s HODL. Total trading volume for the ETFs dropped from $1.76 billion on Monday to $1.4 billion on Tuesday. Meanwhile, spot Ether ETFs saw $11.94 million in inflows, all from BlackRock’s ETHA. Source The Block

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