US Bitcoin Spot ETF

Data: The US Bitcoin spot ETF has seen capital outflows for eight consecutive days, totaling $3.2 billion

ChainCatcher news, according to The Block, in the past eight days, as the broader cryptocurrency and stock markets sold off, the U.S. spot Bitcoin ETF saw a net outflow of $3.2 billion. SoSoValue data shows that the Bitcoin ETF has recorded only four days of net inflows this month, leading to a monthly net outflow of $3.65 billion. The eight-day consecutive net outflow matches the record for consecutive net outflows in August 2024, becoming the longest net outflow period since the establishment of Bitcoin funds.On Tuesday, the reported net outflow from the spot Bitcoin ETF reached a new high of $1.14 billion. The largest Bitcoin ETF by net assets—BlackRock's IBIT—witnessed its largest net outflow ever the following day, totaling $418 million. However, compared to the net outflows of previous days, the latest net outflow of $275.8 million on Thursday was relatively mild. IBIT dominated yesterday's net outflow, reaching $189 million. Meanwhile, Bitwise's BITB was the only fund reporting a net inflow, with an inflow of $17.6 million.With the latest net outflow, the cumulative total net inflow of 12 Bitcoin funds now stands at $36.85 billion, the lowest level since January 14. The total net assets of these ETFs amount to $94.3 billion, accounting for approximately 5.7% of Bitcoin's market value. At the same time, the spot Ethereum ETF also witnessed a net outflow of $7.1 million on Thursday, bringing the total net outflow over six consecutive days to $315 million.

The US Bitcoin spot ETF options are about to launch

ChainCatcher news reports that the Options Clearing Corporation (OCC) has announced on its official website that it is preparing to launch spot Bitcoin ETF options. According to the disclosed notice, the OCC is preparing for the clearing, settlement, and risk management of spot Bitcoin ETF options, which will comply with the new options listing process outlined in the options listing program.Previously, ChainCatcher reported in October that the U.S. Securities and Exchange Commission (SEC) approved the listing of multiple Bitcoin ETF options products on the Cboe Exchange and NYSE American. Cboe was approved to list options for the Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB); NYSE American was approved to list options for the Grayscale Bitcoin Trust ETF (GBTC), Grayscale Bitcoin Mini Trust (BTC), and Bitwise Bitcoin ETF (BITB). Earlier, the SEC had approved options trading for the iShares Bitcoin Trust (IBIT) under BlackRock.According to the documents, both exchanges have set a single-side position limit of 25,000 contracts for each Bitcoin ETF option, which is lower than that of other ETF options products. As of August 30, 2024, GBTC has issued approximately 367 million shares, with a market value exceeding $13.4 billion; BITB has issued approximately 68.7 million shares; FBTC has issued over 201 million shares, with a six-month trading volume exceeding 1.1 billion shares; ARKB has issued approximately 45.5 million shares, with a six-month trading volume exceeding 297 million shares.
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