Spot bitcoin exchange-traded funds in the U.S. reported net outflows of $54.13 million on Thursday. This marks their third consecutive day of negative flows, bringing the three-day cumulative outflows to over $388 million during this period. 

The pack of outflows was led by Ark Invest and 21Shares’ ARKB, which recorded $57.97 million in net outflows, according to data from SoSoValue. Fidelity’s FBTC also saw $37.21 million in net outflows yesterday.

Meanwhile, BlackRock’s IBIT led inflows with $35.96 million on Thursday. Bitwise’s BITB saw net inflows of $2.65 million, followed by $2.44 million into Invesco’s BTCO. The remaining seven funds, including Grayscale’s GBTC, reported zero flows for the day.

On Thursday, spot bitcoin ETFs recorded a total daily trading volume of $1.13 billion, down from $1.66 billion the day before. The funds have accumulated total net inflows of $18.47 billion since launching in January.

The outflows were partially offset by $12.08 million in net inflows into BlackRock’s ETHA. The six other spot ether ETFs saw zero flows for the day.

The nine ether ETFs recorded $115.66 million in daily trading volume on Thursday, down from $197.82 million on Wednesday. Since launching in July, the funds have accumulated net outflows of $561.05 million.

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