Bitcoin ETFs in the United States experienced a significant outflow of $200.31 million on Tuesday, following a previous outflow of $64 million. Among the various ETFs, Grayscale’s Bitcoin Trust (GBTC) saw the largest reduction, losing $121 million.
The trend of outflows continued for spot bitcoin ETFs on Tuesday, with a total of $200.31 million leaving the market. While some ETFs like IBIT, BTCO, BRRR, EZBC, BTCW, and DEFI remained neutral with no inflows or outflows, others such as GBTC, FBTC, ARKB, and HODL experienced outflows.
GBTC led the outflows once again, losing $121 million during Tuesday’s trading sessions. The total trading volume for all ETFs was approximately $1.98 billion, with IBIT leading in terms of volume at $1.12 billion. GBTC accounted for around $328 million of the total volume traded on Tuesday.
Following GBTC, ARKB experienced the second highest outflow with $56 million leaving the fund, followed by BITB with a $12 million loss. FBTC saw a reduction of $7 million, while HODL lost $4 million according to sosovalue.xyz metrics. As of now, Blackrock’s IBIT holds 305,067.82 BTC while GBTC’s holdings stand at 283,965.99 BTC.
After breaking a 19-day streak of stability, the recent outflows from U.S. spot bitcoin ETFs raise concerns about the future sustainability of this trend. The significant reduction in holdings, especially from major players like Grayscale, suggests a potential long-term adjustment in the market.
What are your thoughts on the performance of spot bitcoin ETFs on Tuesday? Feel free to share your opinions and insights in the comments section below.
