Editor's PiCK
U.S. Bitcoin ETF, $250M net outflow the previous day... reversed in one day
JOON HYOUNG LEE
Summary
- U.S. spot Bitcoin ETFs turned to a $252 million net outflow in one day.
- In particular, Fidelity FBTC saw $115 million withdrawn, and Bitwise BITB and Ark Invest ARK also experienced substantial net outflows.
- Meanwhile, BlackRock IBIT recorded a $81 million net inflow, showing a differentiated trend.
U.S. Bitcoin (BTC) spot exchange-traded funds (ETFs) turned to net outflows in a single day.
On the 26th (local time), according to TraderT, $252 million (about 350 billion won) flowed out of U.S. spot Bitcoin ETFs on the previous day (the 25th). It returned to net outflows just one day after turning to net inflows on the 24th.
Specifically, Fidelity's FBTC saw the largest outflow with $115 million in net withdrawals. Bitwise's BITB and Ark Invest's ARK recorded net outflows of $80.5 million and $63 million, respectively.
Grayscale's GBTC also recorded a net outflow of $43 million. Meanwhile, BlackRock's IBIT saw a net inflow of $81 million.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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