U.S. spot bitcoin exchange-traded funds (ETFs) experienced another day of outflows, marking the fourth consecutive day of losses. The 11 funds saw $152.42 million leave on Tuesday, bringing the cumulative total net inflows to $14.81 billion.
US Bitcoin ETFs See Fourth Day of Outflows, Totaling $152M
This article was published more than a year ago. Some information may no longer be current.
WRITTEN BY
SHARE
Grayscale, Fidelity, and Bitwise Drive Tuesday’s Outflow in Bitcoin ETFs
Another day of trading brought losses for spot bitcoin ETFs, with $152.42 million withdrawn on Tuesday according to data collected by sosovalue.xyz. Fidelity’s FBTC faced the largest outflow, shedding $83 million. The Fidelity Wise Origin Bitcoin fund (FBTC) now holds 170,151.83 BTC, valued at $11 billion in assets under management (AUM).
Grayscale’s Bitcoin Trust (GBTC) followed with a $62 million reduction. GBTC’s AUM stands at around 280,321.81 BTC, worth $18.22 billion as of Wednesday. Additionally, Bitwise’s BITB saw a $7 million outflow during Tuesday’s sessions. These three funds were the only ones to record losses, while the others experienced neutral trading sessions with no inflows or outflows.
Since Jan. 11, 2024, all 11 spot bitcoin ETFs have recorded cumulative total net inflows of approximately $14.81 billion. Tuesday’s trading sessions saw $1.7 billion in trade volume, with Blackrock’s IBIT capturing $936 million of that total. While others experienced outflows over the past four days, IBIT has consistently seen neutral trading days.
What do you think about Tuesday’s outflows? Share your thoughts and opinions about this subject in the comments section below.
