Bitcoin ETFs Experience Significant Outflows
- Spot Bitcoin ETFs saw outflows totaling over $310 million on the first trading day of the year.
- BlackRock’s iShares Bitcoin Trust (IBIT) experienced the largest outflow, losing $332 million.
- Competitors like Bitwise’s BITB, Fidelity’s FBTC, and Ark 21Shares’s ARKB showed resilience with inflows.
Challenges for Ethereum ETFs
- Ethereum ETFs faced challenges with a combined outflow of $77.5 million.
- Bitwise’s ETHW fund led the losses with $56.1 million withdrawn.
- Grayscale’s ETHE product also saw outflows of $21.4 million.
