Bitcoin ETFs Face First Outflows After Week of Strong Inflows
On Tuesday, spot Bitcoin ETFs in the U.S. experienced their first net outflows after a week of significant inflows, totaling over $2.67 billion.
According to data from Farside, 12 spot Bitcoin ETFs saw a combined outflow of $79.09 million. The bulk of this came from Ark and 21Shares’ ARKB, which lost $134.74 million.
Notably, BlackRock’s IBIT, the largest spot Bitcoin ETF, attracted $42.98 million, while Fidelity’s FBTC gained $8.85 million and VanEck’s HODL added $3.82 million. However, Grayscale’s GBTC and seven other funds saw no change in flows.
After the outflow, the total inflows across the 12 Bitcoin ETFs fell to $21.15 billion. Trading activity also dropped, with volumes decreasing from $1.76 billion on Monday to $1.4 billion.
READ MORE:
Will Bitcoin Options Trading Ignite Market Volatility?The recent inflows had aligned with Bitcoin’s rally, which hit $69,400 on Monday. During this time, BlackRock’s IBIT alone brought in $1.5 billion, showing strong investor demand.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Pudgy Penguins plans to launch Web3 mobile game Pudgy Party next year
Securitize Launches New Tokenized Fund Management Service
BTC falls below $72,000
Musk: Trump and DOGE will solve the problem of illegal immigration to the United States