PiCK

U.S. Bitcoin spot ETFs, $326,700,000 net outflow

Uk Jin

Summary

Bitcoin (BTC) spot ETFs saw a net outflow of $326,700,000.
BlackRock IBIT saw net inflows of $60,200,000, but major ETFs such as Grayscale GBTC, Bitwise BITB, and Fidelity FBTC recorded large net outflows.
They reported that simultaneous net outflows across multiple ETFs could affect investor sentiment.

Bitcoin (BTC) spot exchange-traded funds (ETFs) recorded large net outflows.

On the 13th (local time), according to TraderT, $326,700,000 was a net outflow from Bitcoin spot ETFs that day.

BlackRock IBIT had net inflows of $60,200,000, but Grayscale GBTC (-$145,400,000), Bitwise BITB (-$115,600,000), Fidelity FBTC (-$93,300,000), Ark Invest ARBK (-$21,100,000), and VanEck HODL (-$11,400,000) recorded net outflows.

BTC