US Spot Bitcoin ETFs End 10-Day Inflow Streak! Here Are the Details

US-based spot Bitcoin exchange-traded funds (ETFs) experienced a total net outflow of $358.6 million on Thursday, ending a 10-day streak of positive inflows totaling $4.26 billion across 12 ETFs. US Spot Bitcoin ETFs See $358 Million Net Outflow: 10-Day Inflow Streak Ends BlackRock’s IBIT fund was the exception of the day, recording net inflows of $125 million alone, according to data provider SoSoValue. Other major providers suffered significant losses: Fidelity’s FBTC fund: $166.32 million exit Grayscale’s GBTC fund: $107.53 million exit Ark & 21Shares’ ARKB fund: $89.22 million exit Bitwise’s BITB fund: $70.85 million exit Other ETF providers including VanEck, Valkyrie, Invesco and Franklin Templeton also reported outflows. Thursday’s outflows represent the largest daily net outflow in spot Bitcoin ETFs since March 11. Total trading volume in the ETFs rose to $5.39 billion from $3.5 billion the day before. Despite the outflows, IBIT’s strong performance was notable. IBIT led most of the 10-day inflow series, attracting over $4 billion in funds alone during that time. The total cumulative net inflow of ETFs was $45.34 billion on Wednesday, but fell to $44.99 billion as of Thursday. Meanwhile, US-listed spot Ethereum ETFs recorded net inflows for the ninth consecutive day, with a total of $91.93 million entering these funds on Thursday. Market Movements Bitcoin was traded at $106,204, down 1.38% in the last 24 hours. Ethereum fell 3.3% to $2,639. According to experts, these outflows may be due to profit taking, cautious approach to price fluctuations and short-term correction expectation. Spot ETFs continue to be monitored as an important indicator of institutional investor interest. *This is not investment advice. Continue Reading: US Spot Bitcoin ETFs End 10-Day Inflow Streak! Here Are the Details

Source: BitcoinSistemi