Ark Invest 21Shares’ ARKB fund saw net outflows of $87.5 million on Tuesday, the highest since its debut, according to data from SoSoValue. 

The amount surpasses outflows seen from Grayscale’s GBTC, which recorded $81.9 million on the same day. Just on Monday, ARKB experienced net outflows for the first time since its debut, with about $300,000 leaving the fund. 

BlackRock’s IBIT logged the highest net inflow of $150.5 million, followed by Fidelity’s fund which added $44.8 million to its fund. Spot ETFs from VanEck and Bitwise saw inflows in the range of three to five million dollars.

In total, the 11 U.S. spot bitcoin ETFs saw a combined net inflow of about $39.47 million, SoSoValue data showed.

Bitcoin price fall

The outflows in spot bitcoin ETFs coincided with bitcoin’s …