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BlackRock's IBIT Sees First Daily Outflows Since May Amid Bitcoin ETF Decline
Summary: On Thursday, U.S. spot bitcoin ETFs experienced $71.73 million in net outflows, marking the third consecutive day of withdrawals. BlackRock’s IBIT, the largest spot bitcoin ETF, recorded its first negative flows since May 1, with $13.51 million in outflows. Other major ETFs also saw outflows, including Grayscale’s GBTC with $22.68 million and Fidelity’s FBTC with ...
On Thursday, U.S. spot bitcoin ETFs experienced $71.73 million in net outflows, marking the third consecutive day of withdrawals. BlackRock’s IBIT, the largest spot bitcoin ETF, recorded its first negative flows since May 1, with $13.51 million in outflows.
Other major ETFs also saw outflows, including Grayscale’s GBTC with $22.68 million and Fidelity’s FBTC with $31.11 million. Only Ark and 21Shares’ ARKB saw net inflows, totaling $5.34 million. Trading volumes for spot bitcoin ETFs dropped to $1.64 billion, down from $2.18 billion the previous day.
Spot ether ETFs also saw modest outflows, with the Grayscale Ethereum Trust losing $5.35 million. Overall, the crypto ETF market showed signs of investor caution, with both bitcoin and ether prices slightly declining
Tags: Blackrock,ETF,IBIT
Link: BlackRock's IBIT Sees First Daily Outflows Since May Amid Bitcoin ETF Decline [Copy]
