Yesterday saw net outflows of $7.3 million in the Bitwise BITB spot Bitcoin ETF for the first time since it began trading on January 11.
BlackRock's IBIT, meanwhile, posted modest net inflows of $18.1 million, down significantly from its average daily inflow of approximately $230 million.
In contrast, Grayscale's GBTC converted fund GBTC and Ark Invest's ARKB posted sizable net outflows of $133.1 million and $42.7 million, respectively.
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The remaining spot Bitcoin ETFs recorded zero net flows on Wednesday, yielding a total of $165 million in net outflows, according to CoinGlass data.
Notably, this is the fourth consecutive day of net outflows for the overall US spot Bitcoin ETFs, totaling $314.8 million.