Fidelity’s FBTC recorded the largest outflow on Thursday at $149.49 million, The Block reported. Funding changes for spot Ethereum ETFs were relatively small.

U.S.-based spot bitcoin exchange-traded funds (ETFs) recorded net outflows of $211.15 million on Thursday, marking the seventh consecutive day of negative outflows.

According to SoSoValue data, Fidelity's FBTC had the largest outflow among spot Bitcoin ETFs, at $149.49 million. Bitwise's BITB followed closely behind, recording a net outflow of $30 million. Grayscale's GBTC and Mini Trust also saw outflows on Thursday: GBTC saw an outflow of $23.22 million, while the Mini Trust saw an outflow of $8.45 million.

No fund recorded net inflows yesterday. Eight other funds, including Blackstone's IBIT, saw no flows on the day.

Total daily volume for the 12 ETFs fell further to $1.35 billion, down from $1.41 billion on Wednesday. Spot bitcoin funds have seen net inflows of $17.06 billion since their launch in January.

Ethereum ETFs See Little Change U.S.-based spot Ethereum ETFs saw relatively little change in funding on Thursday, recording net outflows of approximately $152,720.

Flows were observed only in Grayscale’s two Ethereum funds: ETHE recorded $7.39 million in net outflows, while the Ethereum Mini Trust saw $7.24 million in net inflows. The other seven ETFs saw no flows on Thursday.

Daily volume for Ethereum funds also fell to $108.59 million, down from $145.86 million the day before. Since listing in July, these funds have seen a cumulative net outflow of $562.31 million.

Meanwhile, global markets are awaiting Friday's release of the latest U.S. nonfarm payrolls data, an important indicator of the nation's economic health.

Augustine Fan, director of insights at SOFA.org, said: “The reaction to the non-farm payrolls data will be nuanced and depend on the specific details. The ideal scenario for stocks and Bitcoin is that the data is slightly weak, but not so weak as to trigger fears of an imminent recession so that the Fed is still seen as being ahead of the curve or ‘on schedule’ on the economic trajectory.”