Bitcoin ETF · Bitcoin · Ark Invest · The Block
Bitcoin ETFs swing back to net outflows as $636 million in withdrawals erase previous day’s inflows
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U.S. spot Bitcoin Bitcoin (BTC) exchange-traded funds reversed Wednesday's net inflows as $635.6 million exited the ETFs on Thursday in the largest daily outflows since June.
Key facts
- BlackRock's IBIT led Thursday's net outflows with $254.1 million, followed by Fidelity's FBTC with $217.5 million and Ark Invest/21Shares' ARKB with $109.4 million, according to data compiled
- Nevertheless, the Bitcoin ETF flows remain positive for the week at $442.7 million, having added $526.7 million on Monday, $23.2 million on Tuesday, and $528.4 million on Wednesday
- The next test was whether ETF inflows continued while bitcoin held the $80,000 to $81,000 range, he told The Block
- Since the Bitcoin ETFs first launched in January 2024, the funds have generated more than $57 billion in combined net inflows, with more than $100 billion in assets under management, 's ETF Tracker
Summary
BlackRock's IBIT led Thursday's net outflows with $254.1 million, followed by Fidelity's FBTC with $217.5 million and Ark Invest/21Shares' ARKB with $109.4 million, according to data compiled by The Block. Morgan Stanley's Bitcoin ETF, though far younger than most of the other products, having only launched in April this year, has witnessed one day of net outflows so far. Nevertheless, the Bitcoin ETF flows remain positive for the week at $442.7 million, having added $526.7 million on Monday, $23.2 million on Tuesday, and $528.4 million on Wednesday. Before Thursday's reversal, Lorris Beziers, senior DeFi analyst at Tesseract Group, had pointed to the earlier inflows as a sign of continued ETF demand despite broader market weakness.