Editor's PiCK

U.S. Bitcoin spot ETFs, $566.4 million net outflow

Source
Son Min

Summary

  • U.S. Bitcoin (BTC) spot ETFs reported a $566.4 million net outflow.
  • This net outflow marks 5 consecutive trading days and is the largest since August 1.
  • Large capital outflows were recorded in major ETFs such as Fidelity's FBTC and ARK Invest's ARKB.
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photo=shutterstock

The previous day, U.S. Bitcoin (BTC) spot exchange-traded funds (ETFs) saw $566.4 million flow out.

On the 5th (local time), according to Palisade Investor, Bitcoin spot ETFs recorded a $566.4 million net outflow. This marks the fifth consecutive trading day and is the largest outflow since August 1.

Specifically, Fidelity's FBTC saw $356.6 million withdrawn, followed by ARK Invest's ARKB with $128.1 million in outflows. Grayscale's GBTC and VanEck's HODL saw outflows of $48.9 million and $17 million, respectively. Bitwise's BITB and Franklin Templeton's EZBC also recorded outflows of $7.1 million and $8.7 million, respectively.

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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