US Bitcoin ETF sees $346.86 million net outflow the previous day… Reversal after 11 trading days
Summary
- It was reported that US spot Bitcoin Exchange-Traded Funds (ETF) saw a net outflow of $346.86 million after 11 trading days.
- Major ETFs such as Fidelity (FBTC), Grayscale (GBTC), and ARK Investment (ARKB) experienced significant outflows of funds.
- In contrast, BlackRock (IBIT) ETF continued to see a net inflow of $125.22 million.
The United States spot Bitcoin (BTC) Exchange-Traded Fund (ETF) saw a net outflow after 11 consecutive trading days of inflow.
According to TraderT on the 30th (local time), US spot Bitcoin ETFs recorded a net outflow of $346.86 million (about ₩480 billion) the previous day (29th). This marks a reversal to net outflows after 11 trading days.
Specifically, there was a net outflow of $166.32 million from Fidelity FBTC and $107.53 million from Grayscale GBTC, respectively. ARK Investment ARKB saw an outflow of $89.22 million, Bitwise BITB $70.85 million, and Invesco BTCO recorded a net outflow of $20.05 million.
Additionally, VanEck HODL and Franklin Templeton EZBC posted outflows of $11.98 million and $6.13 million, respectively. In contrast, BlackRock IBIT saw a net inflow of $125.22 million.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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