Fidelity’s Spot Bitcoin and Ether ETFs Experience Record Outflows
- Fidelity’s spot bitcoin ETFs recorded net outflows of $582 million on Wednesday.
- Spot ether funds saw net outflows totaling $159 million, with Fidelity’s FETH accounting for $147.7 million.
- BlackRock’s IBIT, the largest bitcoin ETF by net assets, saw a negative flow of over $124 million.
- Total trade volume for U.S. spot bitcoin ETFs was $3.4 billion, with cumulative net inflows at $36.37 billion.
- Spot ether ETFs’ trading volume decreased to $458.6 million from $818.9 million the previous day.
On Wednesday, Fidelity’s bitcoin and ether ETFs experienced their largest single-day net outflows, with bitcoin ETFs losing $582 million and ether ETFs $159 million. Despite the outflows, Fidelity’s ETFs maintain the second-largest cumulative net inflows among spot bitcoin and ether funds.
