Bitcoin & Ethereum Spot ETFs See Continued Outflows Despite BlackRock’s Success

Despite a broader downturn in the crypto market, Bitcoin and Ethereum spot exchange-traded funds (ETFs) continue to see significant outflows. According to latest data from SoSoValue, BlackRock’s IBIT fund stood out with a net inflow of $73.6 million, despite relatively weak market conditions. Meanwhile, Bitcoin spot ETF holdings saw a net outflow of $101 million this week, while Grayscale’s GBTC fund experienced a sizable single-day outflow of $56.6 million, bringing its historical total to $24.55 billion. 📈