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US Spot Bitcoin and Ethereum ETFs Suffer Significant Net Outflows

Guavy AI Editorial Team
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BTC ETH USDT BNB
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US spot Bitcoin exchange-traded funds (ETFs) experienced significant net outflows last week, totaling $390 million. According to Wu Blockchain, Fidelity's FBTC recorded the largest withdrawal, with a net outflow of $153 million.

The losses were not limited to Bitcoin ETFs; US spot Ethereum ETFs also saw net outflows of $2.26 million over the same period. BlackRock's ETHA posted the largest withdrawal among Ethereum funds, with a net outflow of $16.3944 million.

Notably, the price of Bitcoin on Binance's USDT market rose 0.57% to $63,492.12 from the previous day, while Ether saw a 1.06% increase to $1,903.59.

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