PiCK
US spot Bitcoin ETFs see $50 million net outflow...$300 million exits over three days
Summary
- The report said the US spot Bitcoin ETF market has seen net outflows for three consecutive sessions, stoking concerns about weakening investor sentiment.
- It said total net outflows of $52.11 million hit the US spot Bitcoin ETF market on the 20th, bringing the three-day cumulative total to more than $300 million.
- It noted $45.94 million in net outflows from BlackRock’s IBIT and $9.13 million from Fidelity’s FBTC, while VanEck’s HODL saw $2.96 million in inflows, though it failed to stem the overall decline.
Forecast Trend Report by Period
Outflows from the US spot Bitcoin exchange-traded fund (ETF) market are intensifying. With net outflows recorded for three consecutive sessions, concerns are growing that investor sentiment is weakening.
According to SosoValue on the 20th (local time), the US spot Bitcoin ETF market posted total net outflows of $52.11 million on the day. This marks a third straight down session following the 18th (-$163.52 million) and the 19th (-$90.19 million). Cumulative net outflows over the three days have topped $300 million.
BlackRock’s IBIT alone saw $45.94 million leave in a single day, while Fidelity’s FBTC also recorded net outflows of $9.13 million.
By contrast, VanEck’s HODL took in $2.96 million. However, it was not enough to offset the broader market’s decline. No net inflows or outflows were reported for the remaining ETFs, including Grayscale (GBTC) and ARK 21Shares (ARKB).
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀
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