US spot Bitcoin ETFs experienced outflows totaling $91.76 million yesterday, marking the second consecutive day of negative flows, according to data from Farside Investors.
The largest outflows were recorded in Ark and 21Shares' ARKB, which saw $60.28 million leave the product, followed by Grayscale's GBTC with $27.31 million in outflows.
BlackRock's IBIT, meanwhile, lost $13.74 million.
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Bitwise's BITB also recorded outflows of $11.51 million, while the remaining seven spot Bitcoin ETFs recorded no flows.
Total trading volume for these ETFs also declined to $1.66 billion, down from $2.53 billion the previous day.
In contrast, Ethereum ETFs recorded $14.45 million in net inflows.