Bitcoin ETFs in the United States faced another day of losses, marking the fourth consecutive day of outflows. A total of $152.42 million was withdrawn on Tuesday, bringing the cumulative net inflows to $14.81 billion. Fidelity, Grayscale, and Bitwise were the main contributors to the outflows on Tuesday.
Fidelity’s FBTC saw the largest outflow of $83 million, while Grayscale’s Bitcoin Trust (GBTC) experienced a reduction of $62 million. Bitwise’s BITB also saw a $7 million outflow. These three funds were the only ones to record losses, with the rest having neutral trading sessions.
Since January 11, 2024, all 11 spot bitcoin ETFs have recorded a total of approximately $14.81 billion in net inflows. Tuesday’s trading sessions had a total trade volume of $1.7 billion, with Blackrock’s IBIT capturing $936 million of that total. Despite the outflows in the past four days, IBIT has consistently had neutral trading days.
What are your thoughts on Tuesday’s outflows? Feel free to share your opinions in the comments section below.
