Spot BTC ETF win streak ends with $78m in outflows

Spot Bitcoin exchange-traded funds (ETFs) in the United States experienced a net outflow of $78 million, ending their streak of consecutive inflows. This comes as spot Ethereum ETFs were launched, attracting investor attention. The outflows from spot Bitcoin ETFs mark the first since July 3. The majority of the outflows came from Bitwise Bitcoin ETF, with $70.3 million, followed by ARK 21Shares Bitcoin ETF and Grayscale Bitcoin Trust with $52.3 million and $27.3 million, respectively. On the other hand, BlackRock’s iShares Bitcoin Trust continued to see inflows, amounting to $71.9 million. The global crypto market capitalization slightly declined by 0.5% to $2.51 trillion, and Bitcoin and Ethereum experienced mild decreases of 0.8% and 0.1%, respectively. Meanwhile, spot Ethereum ETFs saw a net inflow of $106.8 million on their launch day, with a trading volume of $1.1 billion. This is in contrast to spot Bitcoin ETFs, which attracted $655.3 million in net inflows on their launch day back in January.