PiCK

US spot Bitcoin ETFs see $400 million net outflow in a day

Source

Doohyun Hwang

Summary

It was reported that 12 US spot Bitcoin ETFs saw $410.57 million in net outflows in a single day.
It said the biggest net outflows were from BlackRock’s IBIT at $157.76 million and Fidelity’s FBTC at $104.13 million.
It was reported that Bitcoin is trading in the $66,400 range, down 1% from the previous day on Binance’s Tether (USDT) market.

Forecast Trend Report by Period

More than $400 million flowed out of US spot Bitcoin exchange-traded funds (ETFs) in a single day.

According to data from Trader T on the 12th (local time), the 12 US spot Bitcoin ETFs recorded total net outflows of $410.57 million on the day.

BlackRock’s iShares Bitcoin Trust (IBIT) posted the largest net outflow, with $157.76 million withdrawn. Fidelity’s Fidelity Wise Origin Bitcoin Fund (FBTC) also saw $104.13 million in outflows. Grayscale’s Grayscale Bitcoin Trust (GBTC) recorded $59.12 million, while the lower-fee Bitcoin Mini Trust (BTC) posted $33.54 million in net outflows.

All ETFs except WisdomTree (BTCW) experienced outflows. Meanwhile, Bitcoin is trading in the $66,400 range on Binance’s Tether (USDT) market, down 1% from the previous day.

BTC