Editor's PiCK
US Bitcoin ETFs See $400 Million ‘Ebb’ in a Day...No Products Posted Net Inflows
Summary
- A total of $434.29 million in net outflows was reported across 11 US spot Bitcoin ETFs.
- Heavy outflows continued from major products including BlackRock’s IBIT, Fidelity’s FBTC and Grayscale’s GBTC.
- Mid- and small-sized ETFs such as Invesco’s BTCO were reported to be flat with no inflows or outflows.
More than $400 million flowed out of the spot Bitcoin ETF market.
According to data from Trader T on the 5th, the combined net outflows across 11 US spot Bitcoin ETFs totaled $434.29 million. As Bitcoin prices plunged, what appears to have been a wave of panic selling by investors seems to have spilled over into the ETF market.
BlackRock’s iShares Bitcoin Trust (IBIT) recorded outflows of $175.48 million. Fidelity’s Wise Origin Bitcoin Fund (FBTC) also saw $110.48 million leave, while Grayscale’s GBTC (-$75.42 million) and its mini ETF BTC (-$35.17 million) likewise joined the outflow trend. ARK Invest (ARKB) and Bitwise (BITB) posted net outflows of $23.12 million and $15.62 million, respectively.
By contrast, mid- and small-sized ETFs such as Invesco (BTCO), Franklin (EZBC), Valkyrie (BRRR), VanEck (HODL) and WisdomTree (BTCW) were flat, with no inflows or outflows.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀
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