US spot Bitcoin ETFs experienced another day of negative flows yesterday.
According to data from SosoValue, a total of $287.78 million was withdrawn from the 12 spot Bitcoin ETFs, the largest outflow since May 1.
The largest spot Bitcoin ETF, BlackRock's IBIT, had zero flows on the day.
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Grayscale's GBTC, the second-largest spot Bitcoin ETF, recorded an outflow of $50.39 million, while Fidelity's FBTC had the largest outflow at $162.26 million. Ark and 21Shares' ARKB also recorded significant outflows, at $33.6 million, whereas Bitwise's BITB lost $24.96 million.
Total spot Bitcoin ETF trading volume on Tuesday was $1.56 billion, up slightly from Tuesday's $1.54 billion.