The spot Bitcoin exchange-traded funds (ETFs) in the United States have recently observed a noteworthy trend, marked by a consecutive six-day period of outflows. Notably, BlackRock’s IBIT ETF encountered its first instance of outflows just yesterday.
This development coincides with bitcoin navigating through its most challenging month since the aftermath of the 2022 FTX collapse, registering a notable decline of 11% over this week.
Record Breaking Outflows and Market Downturn
According to data from Farside Investors, BlackRock’s Bitcoin fund saw its first $36.9 million outflow on May 1st, with the nine other ETFs collectively recording a $526.8 million outflow on the same day.
The largest outflow for the day was observed in the Fidelity Wise Origin Bitcoin Fund (FBTC), which saw $191.1 million in net outflows. Grayscale Bitcoin Trust (GBTC) followed closely with an outflow of $167.4 million.
ARK 21Shares and Franklin Bitcoin ETFs saw respective outflows of $98.1 million and $13.4 m
We współpracy z: https://cryptopotato.com/blackrocks-spot-bitcoin-etf-sees-first-outflows-amid-btc-price-slump/
