U.S. spot bitcoin exchange-traded funds (ETFs) witnessed $200.31 million in outflows on Tuesday following the $64 million in outflows the day prior. Grayscale’s Bitcoin Trust (GBTC) shed the most with a $121 million reduction.
US Bitcoin ETFs See $200 Million Outflow; Grayscale Leads With $121 Million
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Spot Bitcoin ETFs Lose Ground
Spot bitcoin ETFs have recorded two days of outflows so far as Tuesday’s trading sessions saw $200.31 million leave. While IBIT, BTCO, BRRR, EZBC, BTCW, and DEFI saw neutral days with no inflows or outflows, GBTC, FBTC, ARKB, and HODL all recorded outflows.
Once again, GBTC was the leader of the outflows as $121 million left the fund during Tuesday’s trading sessions. Approximately $1.98 billion in volume was witnessed by all the ETFs trading and IBIT led the pack in terms of volume with $1.12 billion.
Around $328 million in volume derived from GBTC trades on Tuesday. Following GBTC’s reduction, ARKB took the second spot with $56 million exiting and that was followed by BITB’s $12 million loss.
Following those three, in terms of outflows, FBTC shed $7 million and HODL lost $4 million, according to sosovalue.xyz metrics. At press time, Blackrock’s IBIT holds 305,067.82 BTC while GBTC’s cache is currently 283,965.99 BTC.
While U.S. spot bitcoin ETFs broke their 19-day streak of stability with two consecutive days of outflows, questions loom about the sustainability of this downturn. The sharp reduction in holdings, particularly from industry giants like Grayscale, may signal a shift that could spell a long-term recalibration.
What do you think about Tuesday’s spot bitcoin ETF performances? Share your thoughts and opinions about this subject in the comments section below.
