After seven consecutive days of net inflows, US spot Bitcoin exchange-traded funds posted negative daily flows on Tuesday, with a total of $79.09 million in net outflows.
These outflows were largely due to the ARKB fund, which recorded $134.74 million in outflows.
Meanwhile, the largest fund, BlackRock's IBIT, saw net inflows of $42.98 million, and Fidelity's FBTC and VanEck's HODL also saw inflows of $8.85 million and $3.82 million, respectively. The remaining eight funds recorded no flows.
As a result of the net outflows, cumulative net inflows for the 12 ETFs declined to $21.15 billion on Tuesday.
Total daily trading volume for these funds also declined from $1.76 billion on Monday to $1.4 billion on Tuesday.