PiCK
U.S. Bitcoin spot ETFs saw net outflows of $554,190,000 the previous day… about KRW 807.9 billion
Suehyeon Lee
Summary
- It reported that U.S. Bitcoin (BTC) spot ETFs experienced net outflows of $554,190,000 (about KRW 807.9 billion) in a single day.
- In particular, major ETFs such as Fidelity FBTC, ARK Invest ARKB, and BlackRock IBIT each saw hundreds of millions of dollars in fund outflows.
- It said the situation completely reversed in a single day from a slight inflow the previous day.
More than $500 million flowed out of U.S. Bitcoin (BTC) spot exchange-traded funds (ETFs) in a single day.
On the 8th (local time), Trader T reported that total net outflows from Bitcoin spot ETFs the previous day amounted to $554,190,000 (about KRW 807.9 billion). The slight inflow seen the previous day was completely reversed in one day.
On that day, Fidelity's FBTC recorded the largest outflow with $256,666,000 leaving. It was followed by ARK Invest's ARKB with $144,240,000 and BlackRock's IBIT with $127,170,000 in net outflows.
Additionally, Bitwise's BITB saw $10,680,000 exit, and Grayscale's GBTC had net outflows of $15,440,000. The remaining products had no net inflows or outflows.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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