Coinspeaker
ARK Bitcoin ETF Outflows Surpass Grayscale’s GBTC
According to Farside Investors, this marked a significant moment, as ARKB’s outflow exceeded GBTC’s by roughly 1,300 BTC. Notable, this was ARKB’s second consecutive day of outflows, losing $300,000 in assets the day prior, its first-ever outflow.
Comparing ARKB and GBTC’s Market
Photo: HODL15Capital / X
Despite these outflows, ARKB remains a major player among the recently launched spot ETFs, with $2.2 billion in assets under management and holding 44,662 bitcoins. Grayscale, however, continues to lead in total Bitcoin holdings, with approximately 328,000 BTC. The price of Bitcoin has declined about 9% from the previous week amidst these increasing ETF outflows. However, Bitcoin ETFs still managed net inflows of $38.8 million on April 2, primarily driven by BlackRock’s IBIT and Fidelity’s FBTC.
Market Response and Future Outlook
The ETF outflow incident has stirred the market. Grayscale has face
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