Ark and 21Shares’ ARKB led net outflows among spot Bitcoin ETFs on Wednesday, with $43.41 million, The Block reported.

The U.S. spot Ethereum ETF also recorded daily net outflows of approximately $9.7 million.

U.S.-based spot bitcoin exchange-traded funds reported $52.83 million in net outflows on Wednesday, snapping a four-day streak of net inflows during which they attracted more than $500 million.

According to SoSoValue, yesterday’s outflows were led by Ark Invest and 21Shares’ ARKB, which saw $43.41 million in outflows. On Wednesday, Grayscale’s GBTC reported $8.13 million in net outflows, and Bitwise’s BITB recorded $3.95 million in outflows.

Only one spot Bitcoin fund reported net inflows yesterday – Grayscale’s Bitcoin Mini Trust recorded a small net inflow of $2.66 million. The remaining eight funds, including BlackRock’s IBIT, saw no daily inflows.

On Wednesday, the 12 funds had a combined daily volume of $1.63 billion and accumulated net inflows totaling $17.44 billion.

Spot Ethereum ETFs Continue to See Outflows Spot Ethereum ETFs reported $9.74 million in outflows, with only two of the nine funds seeing net changes on Wednesday, marking their third consecutive day of net outflows.

Grayscale’s ETHE fund saw outflows of $14.66 million, while BlackRock’s ETHA saw additional inflows of $4.92 million.

The nine Ethereum funds had a combined daily volume of $221.88 million, up from $176.26 million on Tuesday. The ETFs have collectively seen $615.58 million in net outflows since their launch in July.

Bitcoin Price Surpasses $62,000 "Chairman Powell gave risk markets the 50bp rate cut they wanted, but explicitly hedged against a larger cut with confident statements, reiterating that a soft landing remains the base case, and repeatedly stating that the U.S. economy is 'working well,'" said Augustine Fan, director of insights at SOFA.org. "With the market pricing in about a 1/3 chance of a 50bp rate cut in November following the FOMC, nonfarm payrolls will naturally be the most important data point for investors to watch."

Fan also added that Bitcoin recovered due to strong stock market volatility, and other alternative coins performed strongly, showing the growth of overall risk sentiment. Ethereum price rose 4.14% to $2414.60, and Solana rose 6.21% in the past day and traded at $138.96.