US Bitcoin Spot ETF, $326.3 Million Net Outflow

Uk Jin

Summary

It was reported that as Bitcoin (BTC) shows weakness, a net outflow of $326.3 million occurred from spot Exchange Traded Funds (ETFs).
Notable funds include a net outflow of $252.9 million from BlackRock IBIT and $21.7 million from Bitwise BITB.
While other ETFs also showed net outflows, Ark Invest ARKB and Franklin Templeton EZBC also experienced capital outflows of $19.9 million and $8.9 million, respectively.

As Bitcoin (BTC) shows weakness, funds have poured out of spot Exchange Traded Funds (ETFs).

On the 8th (local time), according to Farside Investor and TraderT, Bitcoin spot ETFs recorded a total net outflow of $326.3 million on this day.

BlackRock IBIT saw a net outflow of $252.9 million, while Bitwise BITB (-$21.7 million), Ark Invest ARKB (-$19.9 million), Franklin Templeton EZBC (-$8.9 million), Grayscale GBTC (-$7.5 million), Grayscale BTC (-$7.5 million), and Invesco BTCO (-$6.9 million) also recorded net outflows.

BTC