According to data from SosoValue, US spot Bitcoin ETFs suffered losses of $37.29 million on Wednesday in the sixth consecutive day of negative flows for these funds.
Grayscale's GBTC posted the largest net outflows of $34.25 million. Fidelity's FBTC also saw $7.59 million exit the fund, while VanEck's HODL saw $4.91 million withdraw.
Subscribe to our Telegram channel to get weekly short digests about events that shape the crypto world
However, Bitwise's BITB was the only spot Bitcoin ETF to post net inflows, with $9.46 million. BlackRock's IBIT recorded no flows on Wednesday.
Total daily trading volume for the 12 ETFs went from $1.56 billion on Tuesday to $1.41 billion on Wednesday.
At the same time, spot Ethereum ETFs experienced net outflows of $37.51 million.