US Bitcoin Spot ETF Sees Net Outflow of ₩1.63 Trillion This Week… Significant Withdrawals from IBIT and FBTC
Minseung Kang
Summary
- This week, US-listed Bitcoin spot ETFs saw net outflows totaling ₩1,632,900,000,000.
- Notably, BlackRock's IBIT and Fidelity's FBTC saw withdrawals of $615,000,000 and $235,300,000, respectively.
- The net outflows are reported to be related to the recent Bitcoin price correction.
Bitcoin (BTC) spot exchange-traded funds (ETFs) listed in the United States saw major net outflows this week.
According to Farside Investors on the 23rd (local time), the total net outflow from US-listed Bitcoin spot ETFs this week reached $1,178,500,000 (about ₩1,632,900,000,000).
Specifically, $615,000,000 was withdrawn from BlackRock's IBIT, and $235,300,000 from Fidelity's FBTC. Additionally, there were net outflows of $182,300,000 from ARK Invest & 21Shares' ARKB, $60,800,000 from Bitwise's BITB, and $118,100,000 from Grayscale's GBTC.
This week's outflows are seen as coinciding with a correction in Bitcoin, which recently hovered around the $112,500 range.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
