Major Outflows from Fidelity’s FBTC and Ark Invest’s ARKB
According to data from sosovalue.xyz, U.S.-based spot bitcoin ETFs saw approximately $145.83 million in outflows on Monday, amidst a trading volume of around $1.24 billion. Out of the 11 funds tracked, only one reported inflows. Grayscale’s GBTC saw a $3 million decrease, while BlackRock‘s IBIT remained neutral with no inflows or outflows.
Fidelity’s FBTC was the hardest hit, with $92 million in outflows during the trading sessions. Following this, Ark Invest and 21shares’ ARKB fund lost $50 million on Monday. Vaneck’s HODL also saw a decrease of $4 million.
Bitwise’s BITB Sees Inflows Amid Outflows
Contrasting with the general trend, Bitwise’s BITB fund managed to gain around $3 million in inflows. As of June 18, after Monday’s $145.83 million outflows, the assets under management (AUM) across all 11 funds totaled $58.24 billion. Since the launch of spot BTC ETFs on January 11, 2024, cumulative net flows now stand at $14.96 billion.
Neutral Activity in Other Funds
Other funds, including BTCO, BRRR, EZBC, BTCW, and DEFI, experienced neutral activity on Monday. The ongoing outflows from U.S. spot bitcoin ETFs indicate a significant shift in investor sentiment, reflecting broader market uncertainty.
Pressure on Fund Managers
With key funds such as Fidelity’s FBTC and Ark Invest’s ARKB seeing substantial withdrawals, fund managers face increasing pressure to stabilize their AUMs. The positive performance of Bitwise’s BITB fund provides a small measure of optimism amid widespread declines.
