In recent days, there has been a significant outflow of $226.21 million from 11 US spot Bitcoin exchange-traded funds (ETFs). This marks a major shift in the crypto investment landscape.
Fidelity’s FBTC saw the largest outflow, with $106 million leaving the fund, making it the second-largest outflow day since its inception. Grayscale’s GBTC also experienced a substantial outflow of $62 million, while Ark Invest and 21Shares’ ARKB saw withdrawals of $53 million.
Bitwise and VanEck both reported net outflows of around $10 million each, with Invesco and Galaxy Digital’s BTCO seeing outflows of $3 million. The only fund to report a net inflow was BlackRock’s IBIT, pulling in $18 million on Thursday.
Despite these outflows, since their listing in January, US spot Bitcoin ETFs have received a total of $15.30 billion in net inflows, indicating significant investor interest. The movements in these funds have had an impact on Bitcoin’s price, which has dropped by 1.48% in the last 24 hours to $66,250.
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