PiCK

US Bitcoin Spot ETF sees net outflows for 5 consecutive trading days... Totaling $722.43 million

Source
Doohyun Hwang

Summary

  • The US Bitcoin Spot ETF reported consecutive net outflows, with cumulative outflows reaching $722.43 million.
  • Among them, BlackRock's IBIT saw the largest outflow with $89.85 million withdrawn in a single day.
  • The Bitcoin price surged due to the tariff suspension announcement, rising 7.8% from the previous day to trade at around $81,700.

The US Bitcoin (BTC) Spot Exchange-Traded Fund (ETF) recorded net outflows for four consecutive trading days. The cumulative outflow during this period amounts to $722.43 million.

According to data from TraderT, on the 9th (local time), a total of $127.26 million was net outflowed from Bitcoin spot ETFs trading in the US.

The product with the largest outflow was BlackRock's IBIT, with $89.85 million withdrawn in a single day. Grayscale's GBTC also saw a net outflow of $33.80 million. VanEck's HODL recorded a net outflow of $4.65 million, and WisdomTree's BTCW saw a net outflow of $5.67 million.

On the other hand, Bitwise's BITB recorded a net inflow of $6.71 million. Fidelity's FBTC, ARK Invest's ARKB, Franklin Templeton's EZBC, Valkyrie's BRRR, and Grayscale's mini ETF (BTC) saw no net inflows or outflows.

Contrary to the Bitcoin spot ETF fund flows, the price of Bitcoin rebounded on this day. Based on the Binance Tether (USDT) market, Bitcoin is trading at around $81,700, up 7.8% from the previous day. Previously, Bitcoin had retreated to the $74,000 level due to tariff policy impacts, but surged after US President Donald Trump's announcement of a mutual tariff suspension, breaking through the $83,500 level during the day.

publisher img

Doohyun Hwang

cow5361@bloomingbit.ioKEEP CALM AND HODL🍀
hot_people_entry_banner in news detail bottom articles
hot_people_entry_banner in news detail mobile bottom articles
What did you think of the article you just read?




PiCK News

[Key Economic & Crypto Calendar for the Week Ahead] US December PCE Price Index, and More

11 hours ago
[Key Economic & Crypto Calendar for the Week Ahead] US December PCE Price Index, and More

Risk appetite rebounds on softer US CPI…Bitcoin reclaims the $70,000 level

14 hours ago
Risk appetite rebounds on softer US CPI…Bitcoin reclaims the $70,000 level

Supply-demand balance curbs the 'Takaichi yen weakness'… "A historic plunge in the yen is now a more distant prospect"

15 hours ago
Supply-demand balance curbs the 'Takaichi yen weakness'… "A historic plunge in the yen is now a more distant prospect"

[Analysis] "Binance’s XRP holdings fall to a two-year low…a signal of easing sell-side pressure"

17 hours ago
[Analysis] "Binance’s XRP holdings fall to a two-year low…a signal of easing sell-side pressure"

This Week’s Focus: Fed Minutes and PCE Data… US Supreme Court Ruling on Trump Tariffs Also a Wild Card

18 hours ago
This Week’s Focus: Fed Minutes and PCE Data… US Supreme Court Ruling on Trump Tariffs Also a Wild Card

Trending News