Spot Bitcoin ETF Outflows Begin After 7-Day Inflow Streak

Key Points:

• Spot Bitcoin ETF outflows hit $79M after a seven-day inflow streak, led by ARKB.
• BlackRock’s IBIT saw inflows despite the broader spot Bitcoin ETF outflows trend.

Spot Bitcoin ETF outflows in the U.S. reached $79M after seven consecutive days of inflows, largely due to withdrawals from ARKB, while BlackRock’s IBIT and others saw positive flows.

Spot Bitcoin ETF Outflows After Seven-Day Inflow Streak

U.S. spot Bitcoin ETFs finally saw outflows worth $79 million the other day, mainly because of ARKB, after an impressive seven-day streak with net inflows. Despite the outflow, BlackRock’s IBIT was among a few funds like Fidelity’s FBTC that still recorded net inflows to contribute to the ETF market activity, according to Sosovalue.

Read more: Bitcoin Spot ETF Inflows Reach $294M After 7 Days of Gains

BlackRock IBIT Remains Resilient Amid Spot Bitcoin ETF Outflows

While the majority of the Bitcoin ETFs reported outflows, BlackRock’s IBIT still managed to attract inflows amounting to $42.98M, resilient in this shifting market. Because BlackRock stands at the helm, Bitcoin ETFs still have year-to-date net inflows at $21.15 billion while its trading volume declines compared to its previous peaks.