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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 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.

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.

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