Bitcoin ETFs See $226M Outflows Led by Fidelity’s FBTC
Summary
U.S.-listed Bitcoin exchange-traded funds (ETFs) saw over $226 million in net outflows on Thursday, marking the third day of outflows this week. Fidelity’s FBTC had the highest outflow at $106 million, followed by Grayscale’s GBTC at $62 million, and Ark Invest’s ARKB at $53 million. BlackRock’s IBIT was the only one to record a net inflow, gaining $18 million. The ETFs offered by Valkyrie, Franklin Templeton, Hashdex, and WisdomTree showed no activity. The total net amount withdrawn from these ETFs in three days was $564 million. This activity occurred during a volatile week for Bitcoin and the broader crypto market, influenced by the U.S. inflation report and Federal Reserve meeting.
