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PiCK

U.S. Spot Bitcoin ETFs See $89.8 Million in Net Outflows

Source
Suehyeon Lee

Summary

  • Total net outflows of $89.8 million were recorded from U.S. spot Bitcoin ETFs.
  • Net outflows totaled $85.2 million from Ark Invest's ARKB and $74.5 million from Fidelity's FBTC.
  • BlackRock's IBIT posted $69.9 million in net inflows, offsetting part of the outflows.

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Photo: Farside Investors
Photo: Farside Investors

U.S. spot Bitcoin exchange-traded funds recorded sizable net outflows.

According to Farside Investors data released on October 6, the funds saw combined net outflows of $89.8 million in the previous session.

ARK Invest's ARKB posted the largest net outflow at $85.2 million. Fidelity's FBTC also logged net outflows of $74.5 million.

BlackRock's IBIT, by contrast, attracted $69.9 million in net inflows, partially offsetting the broader withdrawals. No net inflows or outflows were recorded for the remaining products.

#Spot ETF
#Bitcoin ETF
#ETF
Suehyeon Lee

Suehyeon Lee

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

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