Markets· ★★★★· bearish·

US spot bitcoin ETFs see $261.46M in daily net outflows

  • —Combined net outflows from US spot bitcoin ETFs reached $261.46 million
  • —Fidelity FBTC lost $152.73 million; BlackRock IBIT shed $110.94 million
  • —Bitwise BITB attracted $2.22 million, partly offsetting the outflows
  • —Grayscale GBTC and BTC, ARK 21Shares ARKB saw no net flows
Why it matters: Sustained outflows from the largest ETFs add pressure on bitcoin's price and point to weakening institutional demand.
#BTC
Source: Bloomingbit
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