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US Spot-Bitcoin ETFs See $290.42 Million in Net Outflows

Source

Summary

  • The 13 US spot-Bitcoin ETFs posted net outflows of $290.42 million in a single day.
  • BlackRock's IBIT saw $136.25 million in outflows, accounting for 46%% of the total.
  • Grayscale's GBTC and Fidelity's FBTC also recorded outflows in the tens of millions of dollars.

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Photo: Shutterstock
Photo: Shutterstock

US spot-Bitcoin exchange-traded funds recorded about $290 million in net outflows.

Data from SoSoValue showed that the 13 US-listed spot-Bitcoin ETFs posted combined net outflows of $290.42 million on May 15.

BlackRock's IBIT led the outflows, with $136.25 million withdrawn, or 46% of the total. ARK 21Shares' ARKB lost $52.48 million.

Grayscale's GBTC posted net outflows of $43.64 million, followed by Fidelity's FBTC with $39.59 million, Bitwise's BITB with $11.6 million and Franklin's EZBC with $6.86 million.

By contrast, seven ETFs, including Grayscale Bitcoin Mini Trust's BTC, VanEck's HODL, Invesco's BTCO and Valkyrie's BRRR, recorded no inflows or outflows on the day.

cow5361@bloomingbit.ioHello, I'm a reporter at bloomingbit
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