US spot Bitcoin ETFs saw weekly net outflows of $112,560,000 last week…trading volume $23 billion

Suehyeon Lee

Summary

It reported that U.S. spot Bitcoin ETFs experienced $112,560,000 in net outflows last week.
Some products, including Fidelity's FBTC, saw net inflows, but overall flows between ETFs were mixed.
The market assessed that the Fed's monetary policy and year-end volatility increases mean it will take time for a clear direction in fund flows to form.

U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) recorded weekly net outflows of more than $100 million last week.

On the 8th (local time), according to TraderT, U.S. spot Bitcoin ETFs recorded net outflows of $112,560,000 (about 165.4 billion won) last week. Trading volume remained around $23 billion, and the main trading price range was $93,102.

The product with the largest weekly net outflow was ARK Invest's ARKB, which saw $78,000,000 flow out. BlackRock's IBIT also experienced net outflows of $74,000,000. In contrast, Fidelity's FBTC recorded net inflows of $62,000,000, showing some reflow of funds.

The fact that flows between ETFs were mixed and the total ended in net outflow suggests that institutional demand has not fully recovered. The market views that more time will be needed for a clear directional flow of spot ETF funds to form ahead of Federal Reserve (Fed) monetary policy and the year-end period of increased volatility.

BTC