US spot Bitcoin exchange-traded funds (ETFs) posted a combined net outflow of $200 million yesterday.
According to SoSoValue data, the most significant net outflow was Grayscale's GBTC, which totaled $121 million on Tuesday. ARK Invest's ARKB came in second with net outflows of $56 million, followed by Bitwise's BITB with $12 million. Meanwhile, Fidelity and VanEck also experienced some net outflows.
Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange
Among US spot Bitcoin ETFs, outflows predominated, with other funds such as BlackRock's IBIT recording no flows on Tuesday.
After 19 consecutive days of net inflows, the 11 spot Bitcoin ETFs recorded total net outflows of $64.93 million on Monday.