PiCK

U.S. Spot Bitcoin ETFs: Net Outflows of $158.41 Million

Doohyun Hwang

Summary

It reported net outflows of $158.41 million from U.S. Bitcoin (BTC) spot ETFs.
In particular, BlackRock's 'iShares Bitcoin Trust (IBIT)' alone saw net outflows of $173.74 million, which led the market-wide outflows.
By contrast, Fidelity's 'Fidelity Wise Origin Bitcoin Fund (FBTC)' recorded net inflows of $15.33 million, attracting funds.

Spot Bitcoin (BTC) ETFs traded in the U.S. experienced net outflows of over $100 million.

According to data from TraderT on the 19th (local time), the total net outflows from 11 spot Bitcoin ETFs amounted to $158.41 million that day.

Only BlackRock's 'iShares Bitcoin Trust (IBIT)' saw net outflows of $173.74 million. This overwhelmed the flows of other products and led the market-wide outflow.

By contrast, Fidelity's 'Fidelity Wise Origin Bitcoin Fund (FBTC)' recorded net inflows of $15.33 million, the only fund to attract money.

The remaining nine products, including Bitwise (BITB), Ark Invest (ARKB), Grayscale (GBTC·BTC), Invesco (BTCO), and Franklin Templeton (EZBC), saw no inflows or outflows.

BTC