PiCK
U.S. spot Bitcoin ETFs see $174 million in net outflows…institutional flow volatility rises
Summary
- It reported that U.S. spot Bitcoin ETFs recorded total net outflows of $173.76 million.
- It said large outflows from BlackRock’s IBIT, Fidelity’s FBTC, and Bitwise’s BITB drove the overall flow.
- It reported that spot Bitcoin ETFs have recently been alternating between net inflows and net outflows, with volatility in institutional fund flows increasing.
Forecast Trend Report by Period
U.S. spot Bitcoin (BTC) ETFs saw sizable fund withdrawals.
According to data compiled by Trader T on the 1st (local time), spot Bitcoin ETFs recorded total net outflows of $173.76 million.
BlackRock’s IBIT led the exodus with $86.56 million in outflows, followed by Fidelity’s FBTC with $78.64 million. Bitwise’s BITB also posted net outflows of $5.55 million.
Grayscale’s GBTC saw $13.26 million in outflows, while the Grayscale Mini Bitcoin ETF recorded net inflows of $10.25 million.
ARK’s ARKB, Invesco’s BTCO, Franklin’s EZBC, Valkyrie’s BRRR, VanEck’s HODL, and WisdomTree’s BTCW saw no fund flows.
Recently, spot Bitcoin ETFs have been alternating between net inflows and net outflows, indicating rising volatility in institutional fund flows.
YM Lee
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