US Spot Bitcoin ETFs Lose $168M in a Day

On Monday, there were $168.4 million in net outflows reported for spot Bitcoin ETFs in the US, as the crypto market experienced significant volatility.

Data from SoSoValue showed that out of the 12 spot Bitcoin ETFs, Grayscale’s GBTC saw the most significant daily net outflows of $69.12 million, followed closely by ARK Invest and 21Shares’ ARKB with $69 million outflows, and Fidelity’s Bitcoin fund with $58 million outflows.

However, Grayscale’s newest Bitcoin trust, which launched last week, saw a net inflow of $21.81 million, and VanEck and Bitwise also experienced inflows of approximately $3 million each.

BlackRock’s IBIT, the largest spot Bitcoin ETF by net asset value, and funds from Valkyrie, Invesco, and three others, did not experience any net inflows or outflows on Monday.