Editor's PiCK

US Bitcoin Spot ETF Records Net Outflow of $133.15 Million Yesterday... Equivalent to 193.8 Billion KRW

Source
Suehyeon Lee

Summary

  • US Bitcoin spot ETF reported a net outflow of $133.15 million yesterday.
  • Fidelity's FBTC and Ark Invest's ARKB recorded significant net outflows of $75.48 million and $60.23 million respectively.
  • BlackRock's IBIT showed the only strength with a net inflow of $47.69 million.
Photo=TraderT
Photo=TraderT

Over $100 million in funds flowed out of US Bitcoin (BTC) spot ETFs yesterday.

According to TraderT on the 14th (local time), US Bitcoin spot ETFs recorded a net outflow of $133.15 million (approximately 193.8 billion KRW) yesterday. This marks a return to outflows just one day after switching to net inflows.

Fidelity's FBTC and Ark Invest's ARKB were hit hardest, recording net outflows of $75.48 million and $60.23 million respectively. In contrast, BlackRock's IBIT showed the only strength with a net inflow of $47.69 million.

Additionally, Grayscale's GBTC saw a net outflow of $12.68 million, Bitwise's BITB $10.95 million, Franklin Templeton's EZBC $6.99 million, and WisdomTree's BTCW $14.51 million. The remaining products had no net flows.

publisher img

Suehyeon Lee

shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
What did you think of the article you just read?