PiCK
US spot Bitcoin ETFs see $163.56 million in net outflows…seven-session streak of inflows snaps
Summary
- Spot Bitcoin ETFs recorded net outflows of $163.56 million, ending a seven-session streak of net inflows.
- Outflows were seen from Fidelity’s FBTC ($103.84 million), BlackRock’s IBIT ($33.94 million), and Grayscale’s GBTC ($18.82 million).
- With the recent institutional inflow trend temporarily cooling, market vigilance is rising over near-term supply-demand shifts.
Forecast Trend Report by Period
Net outflows from spot Bitcoin ETFs halted the recent run of capital inflows.
According to on-chain data compiled by Trader T on the 18th (local time), total net outflows from Bitcoin ETFs came to $163.56 million. This brought an end to the net inflow streak that had lasted for seven consecutive trading sessions.
By product, Fidelity’s FBTC posted the largest outflow, with $103.84 million leaving the fund. BlackRock’s IBIT also saw $33.94 million in outflows, while Grayscale’s GBTC recorded net outflows of $18.82 million.
Bitwise’s BITB also saw $6.96 million in outflows, and the remaining ETFs showed no meaningful fund flows.
With the institutional inflow trend that had persisted until recently temporarily slowing, market caution is growing over near-term shifts in supply and demand.
YM Lee
20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE
