US spot Bitcoin exchange-traded funds posted an overall fund decline yesterday, with $52.83 million of net outflows.
This ended a four-day streak of net inflows, which had accounted for more than $500 million. The main contributors to the decline were 21Shares and ARK Invest’s ARKB, with $43.41 million in outflows.
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Grayscale's GBTC also saw net outflows of $8.13 million, while Bitwise's BITB saw $3.95 million leave the fund.
Only one spot Bitcoin fund, Grayscale's Bitcoin Mini Trust, recorded net inflows of $2.66 million.
The remaining eight funds, including BlackRock's IBIT, recorded no daily flows.
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Overall, the 12 funds had daily trading volume of $1.63 billion.