U.S. Bitcoin Spot ETF sees $614 million net outflow... largest in 3 months

Doohyun Hwang

Summary

It was reported that there was a major net outflow of $614.02 million from the U.S. Bitcoin (BTC) spot ETF market.
The ETF that recorded the largest outflow was BlackRock's 'IBIT,' with $428.62 million withdrawn.
While some ETFs saw neither inflows nor outflows, major ETFs such as Fidelity's 'FBTC' continued to experience capital outflows.

A massive capital outflow occurred in the United States Bitcoin (BTC) spot ETF market.

According to data from Trader T on the 30th (local time), a total of $614.02 million was withdrawn as net outflow from Bitcoin spot ETFs traded in the United States the previous day. This is the largest amount since February 26.

The ETF with the largest outflow was BlackRock's 'IBIT.' On this day, $428.62 million left IBIT, accounting for a significant portion of the total outflow. Fidelity's 'FBTC' also saw an outflow of $13.71 million, and ARK Invest's 'ARKB' recorded a net outflow of $120.14 million. Bitwise's 'BITB' had $35.33 million withdrawn, and Grayscale Mini's 'BTC' saw an outflow of $16.22 million, respectively.

On the other hand, Invesco's 'BTCO,' Franklin's 'EZBC,' Valkyrie's 'BRRR,' VanEck's 'HODL,' WisdomTree's 'BTCW,' and Grayscale's 'GBTC' experienced neither outflows nor inflows.

BTC