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- Data in the Spotlight: Stability of Bitcoin, Ethereum, and XRP Indicates Easing Selling Pressure:
Bitcoin exchange-traded funds ((ETFs)) operating in the United States recorded outflows of about $15 million on Wednesday, breaking a five-day streak of consecutive inflows.
BlackRock’s IBIT was the only ETF to see inflows, with nearly $42 million flowing in. The ARKB fund by 21Shares was the worst-performing ETF with outflows totaling $37 million, according to data from SoSoValue.
Bitcoin ETF Statistics | Source: SoSoValue
Spot Ethereum ETFs saw inflows of $140 million on Wednesday, after recording outflows for two consecutive days. On Tuesday, total outflows were $10 million, while Monday saw $79 million in outflows. The average cumulative net inflow is $13 billion, with net assets of $19.7 billion as of December 3.