Bitcoin Spot ETFs See $279 Million Net Outflow

Uk Jin

Summary

It was reported that as Bitcoin (BTC) shows weakness, Bitcoin spot ETFs saw $279 million in net outflows.
It was revealed that Fidelity's FBTC and BlackRock's IBIT recorded net outflows of $134 million and $90 million respectively.
It was reported that no products recorded net inflows.

As Bitcoin (BTC) shows weakness, Bitcoin spot exchange-traded funds (ETFs) are also experiencing net outflows.

According to Farside Investor and Trader T on the 10th (local time), a total of $279 million in net outflows was observed from Bitcoin spot ETFs on this day.

Looking at the scale of net outflows, Fidelity's FBTC had $134 million and BlackRock's IBIT had $90 million in net outflows, followed by Grayscale's GBTC (-$20.6 million), Invesco's BTCO (-$14.2 million), and Franklin Templeton's EZBC (-$13.6 million).

No products recorded net inflows.

BTC