PiCK
US Spot-Bitcoin ETFs See $648.61 Million in Daily Outflows, Third-Biggest This Year
Summary
- The U.S. spot-Bitcoin ETF market posted total net outflows of $648.61 million.
- BlackRock's IBIT led the withdrawals, with about $448.33 million leaving the fund.
- Major products including Fidelity's FBTC and Ark Invest's ARKB also posted net outflows of tens of millions of dollars.
Forecast Trend Report by Period
More than $600 million was pulled from U.S. spot-Bitcoin exchange-traded funds in a single day.
Data from Trader T showed that U.S. spot-Bitcoin ETFs posted net outflows of $648.61 million on May 18. That marked the third-largest daily net outflow of the year.
BlackRock's IBIT led the withdrawals, with $448.33 million leaving the fund in one day.
Fidelity's FBTC saw net outflows of $63.42 million, while Ark Invest's ARKB posted net outflows of $109.64 million.
Bitwise's BITB recorded outflows of $9.16 million. Invesco's BTCO lost $3.82 million, Franklin Templeton's EZBC saw $6.65 million in outflows, and VanEck's HODL posted $7.59 million in withdrawals. The remaining products saw no net inflows or outflows.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
