On Thursday, net outflows of $71.73 million were recorded by US spot Bitcoin ETFs, marking a three-day streak of outflows.
According to data from SosoValue, BlackRock’s IBIT, the largest spot Bitcoin ETF by net assets, experienced its first negative flows since May 1 with $13.51 million in net outflows.
Grayscale’s GBTC continued its outflow streak with $22.68 million leaving the fund, while Fidelity’s FBTC reported $31.11 million in net outflows.
Bitwise’s BITB also saw $8.09 million leave the fund, and Valkyrie’s BRRR recorded outflows of $1.68 million.
The only spot Bitcoin ETF to record net inflows on Thursday was Ark and 21Shares’ ARKB, with $5.34 million entering the fund. The total daily trading volume for the 12 spot Bitcoin ETFs decreased to $1.64 billion on Thursday from $2.18 billion the day before.
