PiCK

U.S. Bitcoin spot ETFs, $363.2 million net outflow

Uk Jin

Summary

It reported that as Bitcoin (BTC) weakened, large net outflows occurred from Bitcoin spot exchange-traded funds (ETF).
The 11 Bitcoin spot ETFs recorded a total net outflow of $363.2 million, it said.
In particular, it said $276.7 million exited Fidelity FBTC, highlighting notable outflows from major ETFs.

Bitcoin (BTC) showed intraday weakness, leading to large net outflows from Bitcoin spot exchange-traded funds (ETF).

According to TraderT on the 22nd (local time), the 11 Bitcoin spot ETFs recorded a total net outflow of $363.2 million that day.

Only Fidelity FBTC saw $276.7 million flow out, followed by ARK Invest ARKB (-$52.3 million), Grayscale GBTC (-$24.7 million), and VanEck HODL (-$9.5 million).

BTC