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.
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Grayscale’s Ethereum Trust (ETHE) led the losses, with $5.3 million withdrawn.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.
Bitcoin giant Strategy has added another 4,980 BTC to its reserves in a purchase worth approximately $531.9 million, according to Executive Chairman Michael Saylor.
According to renowned market veteran Peter Brandt, trading isn’t the path to prosperity for the vast majority of people.
Charles Edwards, founder and CEO of Capriole Investments, has offered a fresh perspective on Bitcoin’s stalled price movement near the $100,000 mark, despite growing institutional enthusiasm.
Metaplanet has expanded its Bitcoin treasury with a new acquisition of 1,005 BTC valued at approximately $108.1 million, further cementing its status as one of the largest corporate holders of the digital asset.