U.S. spot bitcoin exchange-traded funds recorded a total daily net outflow of $174.45 million on Monday, marking their seventh consecutive day of negative flows.

Grayscale’s GBTC led the pack of outflows with $90 million, followed by Fidelity’s FBTC, which saw $35 million worth of outflows yesterday, according to data from SosoValue. 

Franklin Templeton’s EZBC reported net outflows of $20.8 million, its first net outflow since May 2. Several other funds saw net outflows on Monday — VanEck’s HODL saw $10 million outflows; Bitwise’ BITB saw $8 million; Ark Invest and 21Shares’ ARKB fund had $7 million outflows. Invesco and Galaxy Digital’s BTCO also reported outflows of $2 million.

BlackRock’s IBIT, the largest spot bitcoin ETF in terms of net asset value, recorded zero flows on …