{"id":95554,"date":"2024-10-02T03:09:25","date_gmt":"2024-10-02T07:09:25","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=95554"},"modified":"2024-10-02T03:10:46","modified_gmt":"2024-10-02T07:10:46","slug":"us-spot-bitcoin-etfs-biggest-monthly-outflow","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/us-spot-bitcoin-etfs-biggest-monthly-outflow\/","title":{"rendered":"US spot Bitcoin ETFs See Biggest Monthly Outflow"},"content":{"rendered":"\n

The US spot Bitcoin exchange-traded funds<\/a> (ETFs) have witnessed nearly $243 million in outflows due to the increasing tensions in the Middle East<\/p>\n\n\n\n

\"US
US spot Bitcoin ETFs see Biggest Monthly Outflow<\/figcaption><\/figure>\n\n\n\n

According to data from Farside Investors, the 11 US spot Bitcoin ETFs experienced an aggregate outflow of $242.6 million on Tuesday, October 1. This was the most significant outflow in nearly a month, following the $288 million exit from BTC ETFs on September 3.<\/p>\n\n\n\n

Reversing an eight-consecutive trading day trend of inflows that peaked at $494 million on September 27, it was also the third-largest outflow day in the past five months.<\/p>\n\n\n\n

On October 1, the Fidelity Wise Origin Bitcoin Fund experienced the maximum outflow, totaling $144.7 million. The ARK 21Shares Bitcoin ETF, which lost $84.3 million, followed that order.<\/p>\n\n\n\n

The VanEck Bitcoin ETF experienced a loss of $15.8 million, the Grayscale Bitcoin Trust experienced a loss of $5.9 million, and the Bitwise Bitcoin ETF experienced a discharge of $32.7 million.<\/p>\n\n\n\n

Invesco, Franklin, Valkyrie, WisdomTree, and Grayscale's Mini Bitcoin Trust experienced no transactions.<\/p>\n\n\n\n

The BlackRock iShares Bitcoin Trust \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>was the sole entity to generate positive flows on the day, totaling $40.8 million. This marks the 15th consecutive day of non-outflow.<\/p>\n\n\n\n
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Source: Farside Investors<\/em><\/figcaption><\/figure>\n\n\n\n

Spot In the aftermath of Iran's missile strike on Israel on October 1, bitcoin prices plummeted by nearly $4,000. The asset experienced a two-week low of $60,315 before rebounding to $61,620 at the time of publication.<\/p>\n\n\n\n

In the interim, the nine US spot Ether ETFs<\/a> also experienced outflows on the day, with an aggregate of $48.6 million departing the products.<\/p>\n\n\n\n

On October 1, Grayscale's Ethereum Trust continued to experience a significant decline in value, with a loss of $26.6 million. The duo accounted for most of the $25 million loss in the Fidelity Ethereum Trust.<\/p>\n","protected":false},"excerpt":{"rendered":"

The US spot Bitcoin exchange-traded funds (ETFs) have witnessed nearly $243 million in outflows due to the increasing tensions in the Middle East According to data from Farside Investors, the 11 US spot Bitcoin ETFs experienced an aggregate outflow of $242.6 million on Tuesday, October 1. This was the most significant outflow in nearly a […]<\/p>\n","protected":false},"author":12,"featured_media":82411,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83],"tags":[15281,1613,149],"class_list":["post-95554","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-spot-bitcoin-etf-4","tag-bitcoin-etf","tag-btc"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/Coinpedia-News-1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/95554","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=95554"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/95554\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/82411"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=95554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=95554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=95554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}