U.S. spot bitcoin exchange-traded funds saw net outflows on Monday after the funds reported a weekly outflow of $580 million last week.

The 11 bitcoin ETFs posted a total net outflow of $145.83 million, led by Fidelity’s FBTC, which shed $92 million on Monday, according to data from SoSoValue. FBTC, which typically reports sizable net inflows, saw net outflows of around $140 million last week.

Ark Invest and 21Shares’ ARKB followed with net outflows of $50 million, while Grayscale’s GBTC and VanEck’s HODL also recorded negative flows of around $4 million. The only net inflows, though minimal, came from Bitwise’s BITB, totaling $3 million. BlackRock's IBIT, the largest spot bitcoin ETF in terms of net asset value, posted zero flows yesterday.

The net outflows brought the cumulative …