Summary
- It reported that outflows from US spot Bitcoin ETFs extended into a fifth day.
- On the 30th, US spot Bitcoin ETFs recorded net outflows of $509.7 million for the day, it said.
- Heavy redemptions at BlackRock’s IBIT helped drive total ETF net assets down by about $700 million in a single day, it reported.
Outflows from US spot Bitcoin exchange-traded funds (ETFs) extended into a fifth day.
According to SoSoValue on the 30th (local time), spot Bitcoin ETFs listed on US exchanges posted total net outflows of $509.7 million for the day. This marked five consecutive trading sessions of net outflows from the 27th through the 30th.
BlackRock’s IBIT alone saw $528.3 million leave in a single day. Fidelity’s FBTC recorded net inflows of $7.3 million on the same day, but that was not enough to offset IBIT’s heavy redemptions. A limited amount of inflows was also seen in some ETFs, including ARK 21Shares’ ARKB ($8.34 million) and VanEck’s HODL ($2.96 million), but they failed to change the overall trend.
On a cumulative basis, the outflow trend is more pronounced. Cumulative net inflows into spot Bitcoin ETFs were tallied at $55.01 billion, down from $55.52 billion on the 29th. Over the same period, total ETF net assets fell to $106.96 billion, down by about $700 million in a single day.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀
