US Spot Bitcoin ETFs Lose $20M
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US spot Bitcoin ETFs posted daily net outflows of $20.45 million yesterday.

Only two funds recorded net inflows, while the other nine saw no change in either inflows or outflows.

According to SoSoValue data, Grayscale's GBTC recorded net outflows of $26.99 million, which were partially offset by net inflows of $6.55 million for Fidelity's FBTC.

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The remaining nine ETFs, including BlackRock's IBIT, recorded no change in flows.

These 11 Bitcoin funds had a combined daily trading volume of about $800 million on Wednesday, which is down from Tuesday's volume of $995 million.

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It is also lower than March's daily volume of between $8 billion and $10 billion.

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