PiCK
US spot Bitcoin ETFs posted $51.33 million net outflows the previous day…reversed to outflows after seven trading days
Suehyeon Lee
Summary
- Reported that US spot Bitcoin ETFs recorded $51.33 million net outflows after seven trading days.
- BlackRock's IBIT saw $149.67 million net inflows, but these were offset by net outflows from several products, including Fidelity's FBTC.
- Reported that major ETFs such as Ark Invest's ARKB, Bitwise's BITB, and Grayscale's GBTC recorded notable net outflows.
US spot Bitcoin (BTC) exchange-traded funds (ETFs) recorded net outflows of more than $50 million the previous day.
On the 18th (local time), according to TraderT, US spot Bitcoin ETFs saw net outflows of $51.33 million (about 71 billion won) the previous day. This marks a reversal to net outflows after seven trading days.
On that day, BlackRock's IBIT recorded net inflows of $149.67 million, but this was offset by $116.03 million flowing out of Fidelity's FBTC. In addition, Ark Invest's ARKB had $32.29 million, Bitwise's BITB $12.58 million, and Grayscale's GBTC $62.64 million in clear net outflows.
Meanwhile, Grayscale Mini BTC recorded net inflows of $22.54 million. The other products had no net inflows or outflows.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
