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PiCK

U.S. Spot-Bitcoin ETFs Return to Net Outflows, Lose $424.63 Million in a Day

Source
Suehyeon Lee

Summary

  • U.S. spot-Bitcoin ETFs recorded total net outflows of $424.63 million.
  • BlackRock's IBIT, Fidelity's FBTC, and Grayscale's GBTC each posted sizable fund outflows.
  • VanEck's HODL and Grayscale Mini BTC saw modest net inflows, but they were not enough to offset the overall net outflows.
Photo: Trader T
Photo: Trader T

U.S. spot-Bitcoin exchange-traded funds returned to net outflows after just one day.

Trader T data showed on July 14 that U.S. spot-Bitcoin ETFs recorded combined net outflows of $424.63 million in the previous session.

BlackRock's IBIT posted net outflows of $185.47 million, while Fidelity's FBTC saw $245.62 million leave the fund. Grayscale's GBTC also logged $53.06 million in net outflows.

By contrast, VanEck's HODL drew $6.14 million in net inflows, and Grayscale Mini BTC took in $53.38 million, partially offsetting the broader outflows. The remaining products recorded no net flows.

#Spot ETF
#Bitcoin ETF
#ETF
Suehyeon Lee

Suehyeon Lee

shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.

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