Editor's PiCK
US spot Bitcoin ETFs see $545.34 million in net outflows…selling accelerates, led by IBIT
Summary
- US spot Bitcoin ETFs recorded net outflows of $545.34 million, weighing on investor sentiment.
- Major products saw sizeable withdrawals, including $373.83 million from BlackRock’s IBIT and $86.44 million from Fidelity’s FBTC.
- As Bitcoin prices soften, fund outflows across spot ETFs are continuing, with a cautious investment stance seen persisting in the near term.
Large-scale fund outflows continued from US spot Bitcoin exchange-traded funds (ETFs), dampening investor sentiment.
According to data compiled by Trader T, US spot Bitcoin ETFs posted total net outflows of $545.34 million in a single day on the 4th (local time). BlackRock’s IBIT led the exodus with $373.83 million leaving the fund, while Fidelity’s FBTC also saw $86.44 million in outflows.
ARK Invest’s ARKB recorded net outflows of $31.72 million, and Grayscale’s GBTC posted $41.77 million in net redemptions. Franklin’s EZBC saw $6.38 million exit, and VanEck’s HODL also reported $5.20 million in outflows.
By contrast, Bitwise’s BITB, Invesco’s BTCO, Valkyrie’s BRRR, WisdomTree’s BTCW, and Grayscale’s Mini Trust BTC saw no change in flows.
With Bitcoin prices weakening, outflows across spot ETFs have persisted, reinforcing the view that a cautious investment stance is being maintained in the near term.
YM Lee
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