U.S. Spot Bitcoin ETFs Face Fourth Consecutive Day of Outflows
U.S. spot Bitcoin exchange-traded funds (ETFs) continued to experience outflows, marking the fourth straight day of losses. On Tuesday, the 11 funds collectively saw $152.42 million withdrawn, reducing the cumulative total net inflows to $14.81 billion.
Key Drivers of Tuesday’s Outflows: Grayscale, Fidelity, and Bitwise
Tuesday’s trading session resulted in significant withdrawals from several prominent spot Bitcoin ETFs, as reported by sosovalue.xyz. Fidelity’s Wise Origin Bitcoin Trust (FBTC) experienced the largest outflow, with $83 million withdrawn, leaving the fund with 170,151.83 BTC valued at $11 billion in assets under management (AUM).
Grayscale’s Bitcoin Trust (GBTC) followed with a $62 million reduction, bringing its AUM to approximately 280,321.81 BTC, worth $18.22 billion as of Wednesday. Bitwise’s BITB also saw a $7 million outflow during the trading session. These three funds were the only ones to record losses, while the remaining funds experienced neutral trading sessions with no inflows or outflows.
Since January 11, 2024, the 11 spot Bitcoin ETFs have collectively recorded total net inflows of about $14.81 billion. During Tuesday’s trading, the total trade volume reached $1.7 billion, with Blackrock’s IBIT accounting for $936 million of that total. Despite the outflows affecting other funds over the past four days, IBIT has maintained neutral trading sessions consistently.
