US spot Bitcoin ETFs see $358 million in net outflows, ending 10-day inflow streak
Quick Take
- Spot Bitcoin ETFs in the U.S. recorded $358.6 million in net outflows on Thursday, ending a 10-day streak of net inflows.
- Thursday’s outflow also marked the largest single-day exit for the ETFs since March 11.
U.S. spot Bitcoin exchange-traded funds saw $358.6 million in net outflows on Thursday, ending a 10-day streak of positive flows that had brought in a total of $4.26 billion.
BlackRock's IBIT was the only spot Bitcoin ETF to report net inflows, with $125 million flowing into the product, according to SoSoValue data.
Fidelity's FBTC led the outflows with $166.32 million, followed by Grayscale's GBTC, which saw $107.53 million exit the fund. Ark and 21Shares' ARKB recorded net outflows of $89.22 million, while Bitwise's BITB logged $70.85 million in net outflows. ETFs from VanEck, Valkyrie, Invesco, and Franklin Templeton also experienced outflows.
Thursday's outflows followed a 10-day inflow streak across the 12 spot Bitcoin ETFs, driven primarily by BlackRock's IBIT. During that period, the ETFs saw a total of $4.26 billion in inflows. Their cumulative net inflows reached $45.34 billion on Wednesday before slipping to $44.99 billion on Thursday.
The $358.65 million in outflows on Thursday also marked the largest single-day exit for the funds since March 11. The total trading volume across the ETFs reached $5.39 billion, up from $3.5 billion the previous day.
Bitcoin fell 1.38% in the past 24 hours to trade at $106,204 at the time of press, according to The Block's price page. Ether traded down 3.3% at $2,639.
Meanwhile, U.S.-listed spot Ethereum ETFs recorded $91.93 million in net inflows on Thursday, extending their positive flows to nine consecutive days.
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