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.
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.
Robert Kiyosaki, the bestselling author behind Rich Dad Poor Dad, continues to champion Bitcoin as a solution to the United States’ financial struggles.
El Salvador’s President, Nayib Bukele, has boldly reaffirmed his country’s unwavering commitment to its Bitcoin initiative despite external pressure from the International Monetary Fund (IMF).
Metaplanet is ramping up its Bitcoin holdings, securing an additional 497 BTC for $43.9 million as part of its long-term accumulation plan.
Despite growing trade tensions between the U.S. and Canada, Bitcoin’s price has risen above $88,000, reflecting the market chaos.