Bitcoin (BTC) Spot ETFs See Largest Single-Day Outflow Since May 1, Data Shows

U.S. spot Bitcoin ETFs witnessed a significant exodus of funds, with $287.8 million withdrawn across the listed ETFs yesterday.

U.S. spot Bitcoin exchange-traded funds (ETFs) experienced a substantial outflow of funds on Thursday, with $287.8 million being withdrawn across the listed ETFs, according to Farside Investors data. This marks the largest single-day outflow since May 1.

However, not all ETFs experienced withdrawals, with BlackRock's ETF being the only one to report zero outflows, according to Arkham data.

Fidelity's ETF led the withdrawals, selling $162 million worth of Bitcoin. Grayscale followed with $50 million in outflows, while Ark and Bitwise reported $34 million and $25 million, respectively.

These ETFs still collectively manage around $50 billion in assets, despite the significant outflows.

Bitcoin saw a remarkable rise in price earlier this year due to the hype and interest surrounding these ETFs, starting 2024 at around $44,000 and reaching an all-time high of $73,770 on March 14. However, the price has since stagnated, hovering below its peak in the $55,000 to $65,000 range. It has been 174 days since Bitcoin hit its all-time high, according to Clark Moody Dashboard.

최근 자금 유출에도 불구하고 현물 비트코인 ​​ETF는 지난 8개월 동안 단 한 달만 자금 유출을 기록하는 등 전반적으로 강한 유입을 유지해 왔습니다. 이는 가격이 사상 최고치 이하로 안정되었음에도 불구하고 비트코인에 대한 투자자의 지속적인 관심을 나타냅니다.

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