Spot Bitcoin ETFs See $71.8 Million in Outflows for Third Consecutive Day

On Thursday, spot Bitcoin ETFs experienced significant net outflows totaling $71.8 million, the third consecutive day of outflows.

BlackRock’s IBIT, the largest spot Bitcoin ETF by net asset size, recorded its first net outflow since May 1, with negative flows of $13.5 million. Grayscale’s GBTC continued to face investor withdrawals, losing $22.7 million, while Fidelity’s FBTC faced outflows of $31.1 million.

Other spot Bitcoin ETFs, such as Bitwise’s BITB and Valkyrie’s BRRR, also saw outflows of $8.1 million and $1.7 million, respectively.

However, ARKB was an exception, recording net inflows of $5.3 million.

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Spot ETFs also saw negative movement, albeit on a smaller scale, with net outflows of $1.7 million on Thursday.

Grayscale’s Ethereum Trust (ETHE) led the losses, with $5.3 million withdrawn. This was somewhat offset by net inflows of $3.6 million into the Grayscale Ethereum Mini Trust (ETH). The other seven spot Ethereum ETFs saw no outflows on the day.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.