US spot Bitcoin ETFs experienced a combined a total net outflow of $174.45 million yesterday, continuing their trend of negative flows for the seventh consecutive day.
The leading contributor to these outflows was Grayscale's GBTC, which recorded $90 million in outflows.
It was followed by Fidelity's FBTC, with $35 million in outflows, according to SosoValue data. Franklin Templeton's EZBC also saw significant outflows of $20.8 million, the first since May 2.
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Other funds that experienced outflows on Monday included VanEck's HODL with $10 million, Bitwise's BITB with $8 million, and Ark Invest and 21Shares' ARKB with $7 million. Invesco and Galaxy Digital's BTCO also recorded outflows of $2 million.
BlackRock's IBIT, meanwhile, recorded zero flows on Monday, along with funds from Valkyrie, WisdomTree and Hashdex. No funds recorded net inflows.