Spot Bitcoin ETFs Record $145M Outflows

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On Monday, there was a decrease in net inflows for US spot Bitcoin ETFs, following last week’s significant outflow of $580 million.

According to SoSoValue’s data, the 11 Bitcoin ETFs saw a total net outflow of $145.83 million, primarily driven by Fidelity’s FBTC, which experienced outflows of $92 million.

Last week, FBTC, which usually sees significant inflows, also reported net outflows of about $140 million. ARK Invest and 21Shares’ ARKB followed with net outflows of $50 million, and Grayscale’s GBTC and VanEck’s HODL had negative flows of approximately $4 million.

However, there were slight net inflows of $3 million from Bitwise’s BITB. BlackRock’s IBIT, the largest US spot Bitcoin ETF in terms of net asset value, reported zero flows on Monday. Overall, the net outflows brought the total net inflows of US spot Bitcoin ETFs down to $14.96 billion, based on SoSoValue’s data.

Louis Adams

I am an experienced crypto news writer. I have been in the industry for many years and believe this tech can bring financial freedom to everyone.