Bitcoin ETFs Face $358M Outflow After 10-Day Inflow 📉
U.S. spot Bitcoin ETFs experienced an outflow of $358.6 million, halting a 10-day streak of positive net flows worth $4.26 billion. While BlackRock's IBIT attracted $125 million, other major funds like Fidelity's FBTC, Grayscale's GBTC, Ark and 21Shares' ARKB saw significant withdrawals. Thursday's outflows were the largest since March, with a total ETF trading volume surge to $5.39 billion. Despite Bitcoin's 1.38% drop to $106,204, spot Ethereum ETFs uniquely recorded a $91.93 million inflow, maintaining a nine-day positive streak.
FAQ
❓ Which Bitcoin ETF experienced net inflows?
BlackRock's IBIT was the only ETF that recorded net inflows, totaling $125 million.
❓ What was the impact on the trading volume?
The trading volume surged to $5.39 billion, up from $3.5 billion the previous day.
❓ How did Ethereum ETFs perform?
U.S.-listed spot Ethereum ETFs saw a net inflow of $91.93 million, marking a nine-day streak of positive flows.