Metrics from sosovalue.xyz reveal that Tuesday was a tough day for the 12 spot bitcoin ETFs, with net outflows reaching $127.05 million. Not a single fund recorded any inflows, and IBIT, FBTC, BTC, HODL, BTCO, EZBC, BTCW, and DEFI all experienced a flat trading day.
The biggest hit came to Ark Invest’s and 21shares’ ARKB, which dropped a hefty $101.97 million. Grayscale’s GBTC wasn’t far behind, losing around $18.32 million, while Bitwise’s BITB saw a $6.76 million reduction.
These outflows brought the total cumulative net inflows across all 12 funds down to $17.95 billion since Jan. 11, 2024. During Tuesday’s session, $1.2 billion was traded among the BTC ETFs, which now collectively hold about $57.08 billion in BTC, representing 4.67% of the cryptocurrency’s market cap.
Ether ETFs also faced challenges, with $3.45 million exiting the funds. Grayscale’s ETHE was the sole loser, shedding $9.18 million. On the other hand, Fidelity’s FETH brought in $3.88 million in inflows, and Bitwise’s ETHW enjoyed a $1.86 million increase.
The other six ETH ETFs had a neutral trading day. The $3.45 million in outflows adds to the cumulative net outflows the ether ETFs have experienced since July 23, with the nine funds divesting a total of $481.32 million to date. On Tuesday, $129.95 million was traded, and the group now collectively holds $7.18 billion in ETH.