PiCK
U.S. spot Bitcoin ETFs, $351,690,000 net outflow the previous day…returned to outflows after one day
Suehyeon Lee
Summary
- U.S. spot Bitcoin ETFs reported a large net outflow of $351,690,000 in a single day.
- Most products saw funds leaving, including a $230,120,000 outflow from FBTC.
- Meanwhile, BRRR recorded a small net inflow of $6,000,000.
U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) recorded a large net outflow of more than $350,000,000 in a single day.
According to TraderT data on the 16th (local time), the total net outflow of U.S. spot Bitcoin ETFs the previous day was $351,690,000 (about 518.6 billion won). It returned to outflows just one day after switching to net inflows.
On that day, Fidelity's FBTC saw the largest outflow with $230,120,000 leaving. Bitwise's BITB had $44,320,000, Ark Invest's ARKB had $34,490,000, Grayscale's GBTC had $27,510,000, and VanEck's HODL experienced $21,250,000 in fund departures.
Meanwhile, Valkyrie's BRRR saw a small net inflow of $6,000,000, and the remaining products had no net inflows or outflows.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
