PiCK
U.S. Bitcoin ETFs see $104.99 million in net outflows…BlackRock leads broad pullback
Summary
- U.S. spot Bitcoin (BTC) ETFs flipped to net outflows totaling $104.99 million.
- BlackRock’s IBIT led the move with $119.80 million in net outflows, while Bitwise’s BITB and ARK Invest’s ARKB also posted net outflows.
- In contrast, U.S. spot Ether (ETH) ETFs recorded $48.61 million in net inflows, with BlackRock’s ETHA, Fidelity’s FETH, and the Grayscale Mini ETH all posting net inflows.
U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) swung back to net outflows in a single day. U.S. spot Ether (ETH) ETFs posted net inflows for a second straight session.
According to TraderT on the 18th (local time), spot Bitcoin ETFs saw net outflows of $104.99 million the previous day (17th). It marked a return to net outflows after just one trading day.
Specifically, BlackRock’s IBIT led the net outflows, shedding $119.80 million. Bitwise’s BITB and ARK Invest’s ARKB also recorded net outflows of $10.29 million and $8.31 million, respectively. Fidelity’s FBTC logged net inflows of $5.89 million.
On the same day, spot Ether ETFs recorded net inflows of $48.61 million, extending their net inflow streak to two consecutive sessions.
Specifically, BlackRock’s ETHA saw net inflows of $22.88 million. Fidelity’s FETH and the Grayscale Mini ETH also posted net inflows of $14.41 million and $11.32 million, respectively.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
