Bitwise’s spot bitcoin ETF registers first daily outflows as negative streak continues | Headlines | News | CoinMarketCap
04/18/2024 16:32
Bitwise’s BITB spot bitcoin exchange-traded fund witnessed daily net outflows of $7.3 million on Wednesday for the first time since trading began on …
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Published on April 18, 2024 09:26 GMT+00:00edited on April 18, 2024 09:31 GMT+00:00
Bitwise’s BITB spot bitcoin exchange-traded fund witnessed daily net outflows of $7.3 million on Wednesday for the first time since trading began on Jan. 11.
BlackRock’s IBIT registered net inflows of $18.1 million yesterday — a fraction of its historical daily average of around $230 million. However, it was the only spot bitcoin ETF to do so, with Grayscale’s converted GBTC fund and Ark Invest’s ARKB recording substantial net outflows of $133.1 million and $42.7 million, respectively. The remaining funds recorded zero net flows on Wednesday — leading to $165 million in total net outflows, according to CoinGlass data.
The combined U.S. spot bitcoin ETFs have now registered net outflows totaling $314.8 million for four consecutive trading days — the longest outflow streak for a month.
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