US spot bitcoin ETFs saw $91 million in net outflows yesterday, led by Ark’s ARKB

U.S. spot bitcoin exchange-traded funds saw outflows of $91.76 million on Wednesday, extending their streak of negative flows to two consecutive days.

Ark and 21Shares’ ARKB led the outflows on Wednesday with $60.28 million leaving the product. Grayscale’s GBTC, the second-largest spot bitcoin ETF by net assets, recorded $27.31 million in net outflows.

BlackRock’s IBIT, the largest spot bitcoin ETF, reported net outflows of $13.74 million, marking its first daily outflows since Sept. 9. Bitwise’s BITB experienced outflows of $11.51 million, while the seven other spot bitcoin ETFs logged zero flows.

The total trading volume for all these ETFs shrank to $1.66 billion on Wednesday, down from $2.53 billion on Tuesday.

Bitcoin BTC -0.31% edged down 0.46% over the past 24 hours to trade at around $61,183 at the time of writing, while ether slid 3.77% to change hands at $2,391, according to The Block’s price page .

Ether ETFs saw inflows

Meanwhile, spot Ethereum ETH -3.63% ETFs in the U.S. recorded $14.45 million in net inflows on Wednesday, after logging outflows of $48.52 million the day before.

BlackRock’s ETHA saw $18.04 million flow into the fund, while Franklin Templeton’s EZET reported net outflows of $1.81 million.

The Grayscale Ethereum Trust (ETHE) was the only spot ether ETF to record negative flows, with outflows of 5.4 million. The six other spot ether ETFs saw zero flows.

These nine ETFs’ total trading volume decreased to $197.82 million on Wednesday, down from $290.81 million on Tuesday.