U.S. spot Bitcoin exchange-traded funds (ETFs) saw $169.9 million in net outflows on Wednesday, ending a two-day run of positive inflows, according to data from SoSoValue.
- Fidelity’s FBTC, which recorded $113.8 million in net redemptions
- ARK & 21Shares’ ARKB, with outflows totaling $113.3 million
These two ETFs were the only ones to post losses on the day, but their impact was significant enough to pull the overall market into negative territory.
However, the outflows were partially offset by inflows into six other ETFs:
- BlackRock’s IBIT, the largest spot Bitcoin ETF by net assets, led the pack with $30.6 million in inflows
- Bitwise’s BITB saw $12.8 million come in
- Grayscale’s Bitcoin Mini Trust, VanEck’s HODL, Valkyrie’s BRRR, and Invesco’s BTCO also posted modest positive flows
Wednesday’s outflow followed a stretch of renewed investor confidence, during which the 12 approved spot Bitcoin ETFs collectively posted two straight days of inflows.
While volatility in ETF flows is common, especially in a still-maturing market, the outsized moves in FBTC and ARKB may indicate shifting investor preferences or broader market jitters surrounding crypto assets.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/bitcoin-etfs-see-170-millions-in-net-outflows-snapping-two-day-inflow-streak/