US Spot Bitcoin ETFs See $643.33 Million Outflow, Biggest Since June 25
More than $640 million flowed out of US spot Bitcoin exchange-traded funds in a single day, marking the largest daily net outflow in about four months and the biggest since June 25.According to SoSoValue, the 12 US spot Bitcoin ETFs recorded combined net outflows of $643.33 million on Oct. 30. That exceeded the $635.49 million posted on Oct. 22. The day's outflow was the largest since June 25.BlackRock's IBIT saw the biggest withdrawal, with $233.70 million leaving the fund. Fidelity's FBTC lost $201.04 million. Together, the two products accounted for about 68% of the total net outflow.ARK 21Shares' ARKB posted net outflows of $129.55 million. Grayscale's GBTC and Bitwise's BITB also lost $53.32 million and $25.72 million, respectively. The remaining seven products recorded no net inflows or outflows.A four-trading-day streak of net inflows that began on Oct. 26 also ended. The funds had taken in $17.07 million a day earlier, but swung to heavy net outflows in a single session. Cumulative net inflows for spot Bitcoin ETFs fell to $56.98 billion.