Spot Bitcoin ETFs See $44M Outflows

On Wednesday, the U.S. saw a significant decrease in net inflows for Bitcoin exchange-traded funds (ETFs), with a total of $43.97 million in outflows. This broke a two-day streak of positive inflows.

According to data from SoSoValue, the biggest outflows were seen in ARKB, the Bitcoin ETF from Ark Invest and 21Shares, with $54.03 million in net outflows.

Grayscale’s GBTC also experienced losses, with $4.59 million in net outflows, while its Bitcoin Mini Trust saw a decrease of approximately $511,230. In comparison, Fidelity’s FBTC had the highest net inflows, with $12.57 million, followed by Invesco’s BTCO with $2.59 million.

However, some funds, like BlackRock’s IBIT, had zero flows for the day. It is worth noting that IBIT hasn’t had any net inflows since August 26.

Despite the overall outflows, trading activity was still strong. Bitcoin ETFs had a trading volume of $1.27 billion on Tuesday, a significant increase from $712.25 million on the previous day.