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News

Spot Bitcoin ETF Outflows Hit $91M, Led By Ark’s ARKB

October 3, 2024 - Around 2 mins mins to read

Key Points:

  • U.S. spot bitcoin ETF outflows hit $91.7 million on Wednesday.
  • Ark and 21Shares’ ARKB led the outflows with $60.2 million exiting the fund.
U.S. spot Bitcoin ETF outflows hit $91.7M in net, led by Ark’s ARKB with $60.2M exiting the fund, continuing a two-day negative flow streak.
Spot Bitcoin ETF Outflows Hit $91M, Led By Ark’s ARKB

Spot Bitcoin ETF Outflows Surge to $91 Million

U.S. spot Bitcoin ETFs saw $91.7 million in outflows Wednesday, paced by Ark’s ARKB at $60.2 million. Grayscale’s GBTC had $27.3 million in outflows, according to Sosovalue.

Trading volume tumbled from $2.53 billion Tuesday to $1.66 billion. BlackRock’s IBIT, the largest spot Bitcoin ETF, had its first outflows since September 9.

Read more: Spot Bitcoin ETF Outflows Hit Largest Level Since Early September

Ark’s ARKB Leads Spot Bitcoin ETF Outflows

ARK’s outflows in the ARKB Bitcoin ETF were the largest, it shed $60.200 million to add to the net outflows of $91.7 million in U.S. spot Bitcoin ETFs.

Grayscale’s GBTC followed with $27.31 million in outflows. Meanwhile, Ether ETFs managed a partial recovery from its losses earlier in the week as inflows reached $14.45 million on the same day.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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William

In the fast-paced world of day trading, I've honed my skills for over six years using technical analysis tools and crafting short-term strategies. My expertise isn't from textbooks but from the trenches of online trading communities. I excel at reading chart patterns, applying technical analysis, and mastering risk management. "The market is about probabilities," I declare. As Editor at Coincu, I empower readers with the insights and strategies to conquer the dynamic world of day trading.
News

Spot Bitcoin ETF Outflows Hit $91M, Led By Ark’s ARKB

Key Points:

  • U.S. spot bitcoin ETF outflows hit $91.7 million on Wednesday.
  • Ark and 21Shares’ ARKB led the outflows with $60.2 million exiting the fund.
U.S. spot Bitcoin ETF outflows hit $91.7M in net, led by Ark’s ARKB with $60.2M exiting the fund, continuing a two-day negative flow streak.
Spot Bitcoin ETF Outflows Hit $91M, Led By Ark’s ARKB

Spot Bitcoin ETF Outflows Surge to $91 Million

U.S. spot Bitcoin ETFs saw $91.7 million in outflows Wednesday, paced by Ark’s ARKB at $60.2 million. Grayscale’s GBTC had $27.3 million in outflows, according to Sosovalue.

Trading volume tumbled from $2.53 billion Tuesday to $1.66 billion. BlackRock’s IBIT, the largest spot Bitcoin ETF, had its first outflows since September 9.

Read more: Spot Bitcoin ETF Outflows Hit Largest Level Since Early September

Ark’s ARKB Leads Spot Bitcoin ETF Outflows

ARK’s outflows in the ARKB Bitcoin ETF were the largest, it shed $60.200 million to add to the net outflows of $91.7 million in U.S. spot Bitcoin ETFs.

Grayscale’s GBTC followed with $27.31 million in outflows. Meanwhile, Ether ETFs managed a partial recovery from its losses earlier in the week as inflows reached $14.45 million on the same day.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.