U.S. spot bitcoin exchange-traded funds (ETFs) experienced their third consecutive day of outflows on Monday, losing over $145 million. Fidelity’s FBTC continued to lead the outflows with $92 million exiting the fund on June 17.
US Spot Bitcoin ETFs Face Third Day of Outflows, $145 Million Drained on Monday
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Fidelity’s FBTC and Ark Invest’s ARKB Among Biggest Losers During Monday’s Outflow
According to sosovalue.xyz metrics, U.S.-based spot bitcoin ETFs saw approximately $145.83 million in outflows on Monday. The group recorded trading volume of around $1.24 billion, with only one fund reporting inflows across the 11 funds. Grayscale’s GBTC saw a $3 million decrease, while Blackrock‘s IBIT remained neutral with no inflows or outflows.
Fidelity’s FBTC led the losses with $92 million leaving the fund during the trading sessions. Following FBTC’s decline, Ark Invest and 21shares’ ARKB fund lost $50 million on Monday. Vaneck’s HODL also decreased by $4 million.
Bitwise’s BITB fund was the only one to gain, bringing in around $3 million in inflows. After Monday’s $145.83 million outflows, the assets under management (AUM) across all 11 funds totaled $58.24 billion as of June 18. Cumulative net flows since the launch of the spot BTC ETFs on Jan. 11, 2024, now stand at $14.96 billion.
Additionally, BTCO, BRRR, EZBC, BTCW, and DEFI all experienced neutral activity on Monday. The ongoing outflows from U.S. spot bitcoin ETFs highlight a significant shift in investor sentiment, reflecting broader market uncertainty.
As key funds such as Fidelity’s FBTC and Ark Invest’s ARKB see substantial withdrawals, the pressure on fund managers to stabilize their AUMs intensifies. The contrasting performance of Bitwise’s BITB fund offers a small glimmer of optimism amid widespread declines.
What do you think about Monday’s trading sessions? Share your thoughts and opinions about this subject in the comments section below.
