PiCK

U.S. spot Bitcoin ETFs see $240 million ‘ebb’ in a single day

Source

Doohyun Hwang

Summary

Eleven U.S. spot Bitcoin ETFs posted total net outflows of $240.14 million in a single day.
Major products saw large withdrawals, including BlackRock’s IBIT ($101.05 million), as well as Fidelity’s FBTC, Bitwise’s BITB, ARK Invest’s ARKB, VanEck’s HODL, and Grayscale’s GBTC.
By contrast, Valkyrie’s BRRR recorded net inflows of $5.42 million, making it the only product among the 11 to attract money.

Forecast Trend Report by Period

A large-scale outflow of funds hit the market for spot Bitcoin exchange-traded funds (ETFs) trading in the United States.

According to data from TraderT on the 5th (local time), the 11 U.S. spot Bitcoin ETFs posted net outflows totaling $240.14 million on the day.

BlackRock’s spot Bitcoin ETF, IBIT, saw $101.05 million leave in a single day, accounting for nearly half of the total net outflow. It was followed by $48.03 million from Fidelity (FBTC) and $46.38 million from Bitwise (BITB). ARK Invest (ARKB) and VanEck (HODL) also saw outflows of $22.67 million and $8.55 million, respectively. Grayscale (GBTC) likewise recorded net outflows of $18.88 million.

By contrast, Valkyrie’s (BRRR) Bitcoin ETF logged net inflows of $5.42 million, making it the only one of the 11 products to take in money. Four products—Invesco (BTCO), Franklin Templeton (EZBC), WisdomTree (BTCW), and the Grayscale Mini Trust (BTC)—saw no inflows or outflows.

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