PiCK

US Bitcoin Spot ETFs End Net Outflow Streak with $70.6M Net Inflow

Doohyun Hwang

Summary

US Bitcoin spot ETFs recorded a net inflow of $70.6 million, ending the net outflow streak.
Fidelity's FBTC recorded the highest net inflow of $94 million, while ARK Invest's ARKB and Grayscale's GBTC experienced net outflows.
Following this news, Bitcoin rose 0.7% to trade at around $97,500.

US Bitcoin (BTC) spot ETFs have ended their net outflow streak.

According to data from Farsight Investor on the 14th (local time), Bitcoin spot ETFs traded in the US recorded a total net inflow of $70.6 million.

Fidelity's FBTC ($94 million) recorded the highest net inflow, followed by BlackRock's IBIT ($22.3 million) and Bitwise's BITB ($8 million). ARK Invest's ARKB and Grayscale's GBTC experienced net outflows of $13.2 million and $47 million respectively.

On this day, Bitcoin is trading at around $97,500, up 0.7% from the previous day based on the Binance Tether (USDT) market.

BTC