US spot Bitcoin exchange-traded funds experienced a net outflow of $484.9 million on Wednesday. This figure marks the largest daily withdrawal since June 25, when the funds lost $691.7 million, according to data from Farside Investors.
The recent outflows erased the $321.6 million in net inflows recorded during the first four trading sessions of October. Consequently, Bitcoin ETFs now show a net outflow of approximately $163 million for the month.
BlackRock’s iShares Bitcoin Trust led the withdrawals with $207.7 million, followed by Fidelity’s FBTC with $105.1 million and ARK 21Shares’ ARKB with $101.7 million. On Thursday, Bitcoin traded near $82,700.
US spot Ether ETFs also faced significant pressure, recording $160.9 million in net outflows on Wednesday. This event marks the seventh consecutive session of losses for these funds.
Since September 29, Ether funds have seen total outflows of approximately $569 million. On Wednesday, BlackRock’s iShares Ethereum Trust accounted for $116.1 million of the withdrawals, while Grayscale’s Ethereum Trust lost $25.8 million.
