US Bitcoin ETF Records $516M Net Outflow on Previous Day... 5 Trading Days Consecutive
JOON HYOUNG LEE
Summary
- US Bitcoin spot ETF experienced net outflows for 5 consecutive trading days.
- Notably, BlackRock's IBIT and Fidelity's FBTC recorded net outflows of $158.6 million and $247 million respectively.
- All ETFs experienced net outflows, with none recording any net inflows.
US Bitcoin (BTC) spot Exchange-Traded Funds (ETF) recorded a net outflow of $520 million in just one day.
According to financial information platform Farside Investor on the 25th, US Bitcoin ETFs saw a total net outflow of $516.4 million (approximately 740 billion won) on the previous day (24th). This marks the 5th consecutive trading day of net outflows.
Specifically, BlackRock's IBIT saw a net outflow of $158.6 million, while Fidelity's FBTC recorded a net outflow of $247 million. Bitwise's BITB recorded a net outflow of $10.3 million, and Grayscale's GBTC saw a net outflow of $59.5 million. None of the ETFs recorded any net inflows.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
