PiCK
US Bitcoin Spot ETF, $99.8 Million Net Outflow Yesterday... Worth 143.4 Billion Won
Suehyeon Lee
Summary
- Farside Investor reported that the US Bitcoin Spot ETF saw a net outflow of $99.8 million yesterday.
- As a result, it was reported that tens of millions of dollars were withdrawn from specific ETFs, particularly Grayscale GBTC, Fidelity FBTC, and Bitwise BITB.
- The flow of funds in ETFs is evaluated as an example that can act as an important variable in the market.
The US Bitcoin (BTC) Spot ETF saw a net outflow of nearly $100 million yesterday.
According to Farside Investor on the 4th (local time), the US Bitcoin Spot ETF experienced a net outflow of $99.8 million (143.4 billion won) the previous day. This marks a return to net outflows just one day after switching to net inflows.
On this day, $60.2 million was withdrawn from Grayscale GBTC, and $23.3 million and $44.2 million were withdrawn from Fidelity FBTC and Bitwise BITB, respectively. Additionally, $12.2 million was withdrawn from VanEck HODL, $20 million from Invesco BTCO, and $5.2 million from WisdomTree BTCW. The remaining products had no net inflow or outflow.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
