Spot Bitcoin ETFs See $71.8 Million in Outflows for Third Consecutive Day
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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Grayscale’s Ethereum Trust (ETHE) led the losses, with $5.3 million withdrawn.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.
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