US spot Bitcoin ETFs posted total net outflows of $563.7 million yesterday, the largest daily outflow since launch, according to data from SosoValue.
The largest outflow was seen in Fidelity's FBTC, with $191 million withdrawn from the fund. It was followed by Grayscale's GBTC, which saw net outflows of $167.3 million.
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Ark Invest's ARKB posted the third largest net outflows at $98.1 million, followed by BlackRock's IBIT at $36.9 million and Bitwise's BITB at $29 million. This was the first time BlackRock's spot Bitcoin ETF experienced a daily outflow.
Notably, all US spot Bitcoin ETFs except Hashdex's DEFI experienced net outflows on Wednesday.
However, total cumulative net inflows for the 11 ETFs through Wednesday remained at $11.2 billion.