US Bitcoin ETFs Record $226 Million in Outflows, Fidelity Leads With $106 Million Exit
On Thursday, U.S. spot bitcoin exchange-traded funds (ETFs) saw significant outflows, totaling $226.21 million. Fidelity’s FBTC experienced the largest outflow, with $106 million exiting the fund.
Major Outflows Hit U.S. Bitcoin ETFs
Despite attracting $100.8 million on Wednesday, the 11 spot bitcoin ETFs faced substantial net losses on Thursday, with outflows amounting to $226.21 million. The total trading volume for the day reached approximately $1.77 billion. Following these outflows, the cumulative net inflows for the group stood at $15.30 billion. Blackrock’s IBIT was the only fund to receive inflows, gaining around $18 million.
Key Players Affected
Fidelity’s FBTC saw the largest outflow, with $106 million departing. Grayscale’s Bitcoin Trust (GBTC) followed, losing $62 million. Ark Invest’s and 21shares’ ARKB fund experienced $53 million in outflows, while Bitwise’s BITB shed $10 million. Invesco and Galaxy’s BTCO lost $3 million, and Vaneck’s HODL saw an $11 million divestment during the trading sessions.
Fund Holdings Post-Outflows
Blackrock’s IBIT, after absorbing $18 million, now holds 305,568.82 BTC. Following the $62 million outflow, Grayscale’s GBTC commands 282,147.69 BTC. Fidelity’s FBTC, which was approaching the 200,000 BTC mark, now holds 172,753.41 BTC and $709 in cash. The remaining spot bitcoin ETFs had a neutral day, with no significant inflows or outflows.
