U.S. spot bitcoin exchange-traded funds (ETFs) faced a third consecutive day of outflows on Monday, with a total loss of over $145 million. Fidelity’s FBTC took the lead in outflows, with $92 million exiting the fund on June 17.
On Monday, according to sosovalue.xyz metrics, U.S.-based spot bitcoin ETFs experienced approximately $145.83 million in outflows. The group saw a total trading volume of around $1.24 billion, with only one fund reporting inflows out of the 11 funds. Grayscale’s GBTC saw a $3 million decrease, while Blackrock’s IBIT remained neutral with no inflows or outflows.
Fidelity’s FBTC saw the largest losses, with $92 million leaving the fund during the trading sessions. Following FBTC, Ark Invest and 21shares’ ARKB fund experienced a loss of $50 million on Monday. Vaneck’s HODL also saw a decrease of $4 million.
Bitwise’s BITB fund was the only one to see gains, with around $3 million in inflows. After the outflows on Monday, the total assets under management (AUM) across all 11 funds amounted to $58.24 billion as of June 18. Cumulative net flows since the launch of spot BTC ETFs on Jan. 11, 2024, now stand at $14.96 billion.
In addition, BTCO, BRRR, EZBC, BTCW, and DEFI all showed neutral activity on Monday. The consistent outflows from U.S. spot bitcoin ETFs indicate a significant shift in investor sentiment, reflecting wider market uncertainty.
As major funds like Fidelity’s FBTC and Ark Invest’s ARKB experience significant withdrawals, the pressure on fund managers to stabilize their AUMs increases. The positive performance of Bitwise’s BITB fund amidst the general decline offers a ray of hope.
What are your thoughts on Monday’s trading sessions? Feel free to share your opinions in the comments section below.
