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Editor's PiCK

US spot bitcoin ETFs log $486.91 million in net outflows the previous day

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YM Lee
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Summary

  • The US spot bitcoin ETF market saw $486.91 million in net outflows in a single day.
  • BlackRock’s IBIT posted $130.79 million in net outflows, while Fidelity’s FBTC recorded $247.62 million in net outflows.
  • Bitwise’s BITB, ARK Invest’s ARKB, VanEck’s HODL, and Grayscale’s GBTC also all saw net fund outflows.
Photo=TraderT
Photo=TraderT

The US spot bitcoin exchange-traded fund (ETF) market saw a large one-day exodus of funds. Net outflows were recorded across products from major asset managers, pushing the overall flow clearly into negative territory.

According to TraderT’s tally of fund flows for US spot bitcoin ETFs on the 7th (local time), total net outflows across all ETFs amounted to $486.91 million for the day. Funds exited most core products, including those from BlackRock and Fidelity.

By product, BlackRock’s IBIT posted net outflows of $130.79 million, while Fidelity’s FBTC recorded the largest outflow at $247.62 million. Bitwise’s BITB also saw net outflows of $39.03 million.

ARK Invest’s ARKB saw $42.27 million leave, and VanEck’s HODL also logged net outflows of $11.57 million. Grayscale’s GBTC recorded outflows of $15.63 million.

Meanwhile, Invesco’s BTCO, Franklin Templeton’s EZBC, Valkyrie’s BRRR, WisdomTree’s BTCW, and the Grayscale Mini Bitcoin ETF saw no change in flows.

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YM Lee

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