Bitcoin Spot ETF Sees $1 Million Net Outflow Amid Ethereum’s $29.2 Million Decline

On April 12, COINOTAG News reported significant developments regarding the performance of U.S. spot exchange-traded funds (ETFs) focused on cryptocurrencies. According to Farside Investors, the Bitcoin spot ETF experienced a notable net outflow of $1 million yesterday. This outflow included a substantial withdrawal from Bitwise’s BITB, which faced a decline of $12.3 million, while ARK’s ARKB contributed a slight inflow of $11.3 million. In a related trend, the U.S. Ethereum spot ETF reported an even larger net outflow of $29.2 million, with Bitwise’s ETHW down by $3.1 million and Grayscale’s ETHE suffering a significant outflow of $26.1 million. These figures highlight the evolving dynamics in cryptocurrency investment and portfolio allocation strategies.