Spot Bitcoin ETFs return to net daily outflows; Grayscale’s GBTC total outflows eclipse $15 billion | Headlines | News | CoinMarketCap
04/02/2024 18:27
The combined U.S. spot Bitcoin exchange-traded funds returned to net outflows on Monday, having recorded net inflows every trading day last week, …
The combined U.S. spot Bitcoin exchange-traded funds returned to net outflows on Monday, having recorded net inflows every trading day last week, totaling $860 million.
Inflows of $165.9 million from BlackRock’s dominant IBIT ETF were not enough to help overcome $302.6 million in outflows from Grayscale’s converted GBTC fund, leading to a total net outflow of $85.7 million yesterday, according to CoinGlass data.
Fidelity’s FBTC was second with $44 million worth of inflows on Monday and Invesco’s BTCO was third with $4.2 million. However, Ark Invest 21Shares’s ARKB ETF slumped its first outflows since trading began on Jan. 11 — losing $300,000. The remaining funds saw inflows between zero and $2 million. Total net inflows currently stand at just over $12 billion.