This outflow ended a run that brought in a total of $6.7 billion in inflows over the past 15 days.

According to SoSoValue data, the biggest loss among the outflows in 12 spot Bitcoin ETFs was in Fidelity’s FBTC fund.

While there was an outflow of $208.55 million from this fund, Grayscale Bitcoin Mini Trust and ARK 21Shares’ ARKB funds recorded an outflow of $188.6 million and $108.35 million, respectively.

Other notable releases are listed as follows:

• Grayscale GBTC: $87.86 million

• Bitwise BITB: $43.61 million

• Invesco Galaxy BTCO: $25.97 million

• VanEck HODL: $10.91 million

• Valkyrie BRRR: $8.19 million

Despite this negative trend, WisdomTree’s BTCW fund attracted attention with an inflow of $2.05 million. On the other hand, BlackRock’s IBIT and two other Bitcoin ETFs did not experience any flow changes throughout the day.

Despite ETF outflows, trading volume increased and total volume rose to $6.31 billion. This figure surpassed the previous day’s level of $5.86 billion, showing that the interest in the market was still alive.

The decline in Bitcoin price saw it lose 4.4% to $96,751 at the time of reporting. This decline was largely attributed to the Federal Reserve’s recent interest rate decision.

By reducing interest rates by 0.25%, the Fed made a total reduction of 1% throughout the year. However, officials stated that they would take a more cautious stance in the future.

While only two additional interest rate cuts are planned for 2025, it was stated that it may take until 2026 or 2027 for inflation to reach the targeted 2% level. This hawkish attitude negatively affected investor confidence and caused a 4.5% decline in the overall cryptocurrency market. The total value of the market fell to $3.51 trillion.

The Ethereum market also faced a similar situation. Spot Ethereum ETFs experienced outflows of $60.47 million, ending an 18-day streak of inflows. The leading fund in outflows was Grayscale ETHE, which suffered a loss of $58.13 million. The following outflows occurred in other funds:

• Bitwise ETHW: $6.78 million

• Grayscale Ethereum Mini Trust: $3.18 million

• Invesco QETH: $2.36 million

In contrast, Fidelity’s FETH and VanEck’s ETHV funds partially resisted the outflow trend, generating inflows of $5.05 million and $4.94 million, respectively.

Total net inflows in Ethereum ETFs remained positive despite daily losses, maintaining the $2.4 billion level. The price of Ethereum showed a parallel decline with Bitcoin, trading at $ 3,378, with a decrease of 8.1% in the last 24 hours.