Spot Bitcoin ETFs Experience $358 Million in Outflows, Ending 10-Day Inflow Streak
On Thursday, U.S.-listed spot bitcoin ETFs experienced net outflows for the first time in 10 sessions, according to JPMorgan.
- Spot bitcoin ETFs recorded $358 million in redemptions.
- BlackRock's iShares Bitcoin Trust (IBIT) was the only ETF with net inflows, attracting $125 million.
- Fidelity’s FBTC led outflows at $166 million, followed by Grayscale Bitcoin Trust (GBTC) at $107 million, ARK 21Shares Bitcoin ETF (ARKB) at $89 million, and Bitwise Bitcoin ETF (BITB) at $71 million.
- Smaller outflows were noted across other issuers.
- Bitcoin price decreased by 1.1%, trading around $105,656, with trading volumes at $5.39 billion, significantly above the 20-day average of $2.81 billion.