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Bitcoin

Spot Bitcoin ETF net outflows streak hits three days, totaling $361.2m

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Spot Bitcoin exchange-traded funds experienced a third consecutive day of outflows on Oct. 3, pushing the total withdrawals over the period to $361.2 million.

According to data from SoSoValue, the 12 U.S.-listed spot Bitcoin ETFs saw net outflows of $54.13 million on Thursday, Oct. 3, following the previous day’s $91.76 million withdrawal.

ARK 21Shares’ ARKB fund led the pack with $57.97 million in outflows, marking its fourth consecutive day of declines, with $212.1 million exiting the fund this week alone. Fidelity’s FBTC trailed closely with $37.21 million in outflows, despite experiencing a day of positive inflows earlier in the week.

BlackRock’s IBIT, the largest spot Bitcoin ETF by total net assets, bucked the trend by logging $35.96 million in inflows, bringing its total since launch to an impressive $21.5 billion.

Bitwise’s BITB and Invesco’s BTCO also recorded modest inflows of $2.65 million and $2.44 million, respectively. The remaining spot Bitcoin ETFs remained neutral on the day.

Total trading volume across the 12 Bitcoin ETFs saw a significant decline, dropping to $1.13 billion on October 3 from the prior day’s levels. Despite the recent outflows, these funds have collectively attracted a net inflow of $18.47 billion since their inception. Meanwhile, Bitcoin (BTC) was trading sideways at $61,213 at the time of reporting.

Spot Ether ETFs log $3.2m in outflows

The trend extended to U.S. spot Ethereum ETFs, which posted net daily outflows of $3.2 million. Grayscale’s ETHE led the outflows, with $14.69 million exiting the fund, followed by $587,090 in outflows from Fidelity’s FETH.

However, BlackRock’s Ethereum Trust ETHA counterbalanced some of the losses, registering $12.08 million in net inflows. The six remaining spot Ether ETFs remained static for the day.

Ether ETF trading volumes also fell sharply, with the nine funds recording $115.66 million in volume on Oct. 3, down from $197.82 million the day prior. Since their July launch, these ETFs have accumulated net outflows of $561.05 million. Ethereum (ETH) was trading at $2,381 at press time.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News

Bitcoin

ARK Invest buys $17.77 million COIN, $11.19 million HOOD as BTC fell under $50k

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Cathie Wood’s ARK Invest has started purchasing stocks of Coinbase and Robinhood again during a significant downturn in the market, marked by Bitcoin falling momentarily below $50,000.

On Aug. 5, ARK Invest acquired 93,797 shares of Coinbase Global Inc. (COIN) valued at $17.77 million. This marks ARK’s first acquisition of the cryptocurrency exchange’s shares after a period of selling off in 2024.

In addition, ARK bought 681,885 shares of Robinhood (HOOD), the crypto-friendly online brokerage, for $11.19 million, marking its first purchase since Feb. 13.

The buying activity was primarily within the ARK Innovation ETF (ARKK), which purchased 65,165 shares of Coinbase. The ARK Fintech Innovation ETF (ARKF) and the ARK Next Generation Internet ETF (ARKW) also participated, purchasing 15,629 and 13,003 shares of Coinbase, respectively.

Similarly, the ARKK fund acquired 461,100 Robinhood shares, while the ARKF and ARKW funds added 110,402 and 110,383 shares of Robinhood to their holdings, respectively.

Both COIN and HOOD experienced significant losses in their stock value on Monday, Aug. 5; COIN dropped by 7.3% to close at $189.47 and HOOD by 8.17% to $16.42 amid a broader market sell-off. The downturn was one of the most severe in recent times, affecting both crypto and global stock markets.

On the same day, Bitcoin’s (BTC) value dipped below $50,000 for the first time since February 2024, bottoming out at $49,800, according to price data from crypto.news. This sharp decline saw Bitcoin lose over 20% of its value, dropping from around $63,000 on Aug. 1 to a low before partly recovering to about $55,000.

BTC 7-day price chart | Source: crypto.news

Currently, Bitcoin is trading at $55,092, reflecting a 6.4% increase over the last 24 hours, although it is still down by 17% over the previous week.

ARK Invest typically increases its holdings in stocks during price dips, intending to sell them when their market values rise. The firm manages its portfolio to prevent any single investment from exceeding 10% of the total value of its ETFs, which has led to recent sales of COIN shares.

Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News