Bitcoin ETFs See $170 Millions in Net Outflows, Snapping Two-Day Inflow Streak
- Fidelitys FBTC, which recorded $113.8 million in net redemptions
- ARK & 21Shares ARKB, with outflows totaling $113.3 million
These two ETFs were the only ones to post losses on the day, but their impact was significant enough to pull the overall market into negative territory.
However, the outflows were partially offset by inflows into six other ETFs:
- BlackRocks IBIT, the largest spot Bitcoin ETF by net assets, led the pack with $30.6 million in inflows
- Bitwises BITB saw $12.8 million come in
- Grayscales Bitcoin Mini Trust, VanEcks HODL, Valkyries BRRR, and Invescos BTCO also posted modest positive flows
Wednesdays outflow followed a stretch of renewed investor confidence, during which the 12 approved spot Bitcoin ETFs collectively posted two straight days of inflows.
While volatility in ETF flows is common, especially in a still-maturing market, the outsized moves in FBTC and ARKB may indicate shifting investor preferences or broader market jitters surrounding crypto assets.
The post Bitcoin ETFs See $170 Millions in Net Outflows, Snapping Two-Day Inflow Streak appeared first on Coindoo.
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Text source: Coindoo
