PiCK

US spot Bitcoin ETFs see net outflows for a second straight session

Source

Doohyun Hwang

Summary

The US spot Bitcoin ETF market saw funds flow out for a second straight session.
On the 26th, the 12 US spot Bitcoin ETFs recorded total net outflows of $171.22 million, suggesting buying momentum has weakened.
Major top products including BlackRock (IBIT), Fidelity (FBTC), Bitwise (BITB), ARK 21Shares (ARKB) and Grayscale (GBTC) all continued to post net outflows.

Forecast Trend Report by Period

Funds flowed out of the US spot Bitcoin exchange-traded fund (ETF) market for a second day.

According to SosoValue on the 26th (local time), the 12 US spot Bitcoin ETFs posted total net outflows of $171.22 million on the day. It marked a second consecutive session of outflows, suggesting buying momentum has weakened.

BlackRock’s IBIT saw net outflows of $41.92 million, and Fidelity’s FBTC also recorded $32.81 million in outflows. Major top products such as Bitwise’s BITB (-$33.10 million) and ARK 21Shares’ ARKB (-$30.45 million) all posted net outflows. Grayscale’s GBTC also continued to see withdrawals, with $25.06 million leaving the fund.

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