Summary
- It was reported that a net outflow of $277.08 million occurred from 11 US Bitcoin spot ETFs.
- The largest net outflow was recorded by Ark Invest ARKB, with significant outflows also seen from BlackRock, Fidelity, and Grayscale.
- It was noted that this is only the fifth net outflow for BlackRock's product.
The United States Bitcoin (BTC) ETF experienced a net outflow for two consecutive days.
According to data from Trader T on the 20th (local time), a total of $277.08 million was withdrawn from 11 Bitcoin spot ETFs traded in the United States.
Ark Invest ARKB recorded the largest net outflow with $87.91 million, followed by BlackRock IBIT (-$72.84 million), Fidelity FBTC (-$71.89 million), and Grayscale GBTC (-$57.36 million). Notably, this is only the fifth time BlackRock has recorded a net outflow since the product's launch.
Meanwhile, as of 2:28 PM (Korean time), Bitcoin is trading at around $97,590 on the Binance Tether (USDT) market, up 0.5% from the previous day. At one point, the $93,000 level was breached, but it has somewhat recovered the losses.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀
