Editor's PiCK

U.S. Bitcoin spot ETF records net outflows of $220.1 million the previous day…fourth consecutive trading day

Source
Suehyeon Lee

Summary

  • Reported that U.S. Bitcoin spot ETFs experienced net outflows of $220.1 million on the previous day.
  • This net outflow continues for four consecutive trading days, and BlackRock's IBIT saw $145.6 million withdrawn.
  • It also reported net outflows from major products such as Ark Invest's ARKB, Fidelity's FBTC, and Bitwise's BITB.
Photo=Farside Investor
Photo=Farside Investor

U.S. Bitcoin (BTC) spot exchange-traded funds (ETF) saw net outflows of more than $200 million on the previous day.

On the 18th (local time), according to Farside Investor, U.S. Bitcoin spot ETFs experienced net outflows of $220.1 million (about KRW 322.5 billion) on the previous day. This marks the fourth consecutive trading day of net outflows.

From BlackRock's IBIT alone, $145.6 million flowed out, accounting for the majority of the total net outflows. Next, Ark Invest's ARKB saw $29.7 million, Fidelity's FBTC saw $12.0 million, and Bitwise's BITB saw $9.5 million in net outflows, respectively.

There were no net flows in the other products.

publisher img

Suehyeon Lee

shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
What did you think of the article you just read?