Bitcoin ETF

Bitcoin

Spot

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Spot Bitcoin ETFs in the U.S. saw record high daily net outflows of $563.7 million.</li>
 <li>All U.S. spot Bitcoin ETFs, except for Hashdex’s DEFI, recorded daily net outflows.</li>
</ul>
<p>U.S. spot Bitcoin ETFs experienced their highest ever daily net outflows on Wednesday, with a total of $563.7 million leaving the funds, as per data from SosoValue.</p>
<h2 id="fidelity-s-fbtc-witnesses-largest-outflows">Fidelity’s FBTC Witnesses Largest Outflows</h2>
<p>Fidelity’s FBTC saw the highest net outflows among the ETFs, with over $191 million exiting the fund. This surpasses the $167.3 million net outflow observed by Grayscale’s GBTC, according to SosoValue’s data.</p>
<p>Ark Invest’s ARKB experienced $98.1 million in daily net outflows, marking the third highest of the day. This was followed by BlackRock IBIT’s $36.9 million and Bitwise BITB’s $29 million. Notably, this was the first time BlackRock’s spot <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> ETF noted a net daily outflow.</p>
<h2 id="no-inflows-for-hashdex-s-defi">No Inflows for Hashdex’s DEFI</h2>
<p>All spot Bitcoin ETFs in the U.S. recorded daily net outflows, with the exception of Hashdex’s DEFI which saw zero net inflows. The collective total net inflow for the 11 ETFs came to $11.2 billion as of Wednesday.</p>
<p>Nate Geraci, president of investment advisor The ETF Store, commented on the situation, stating, “So, iShares Bitcoin ETF has first day of outflows ($37mil). This is what ETFs do. Inflows don’t go up in a straight line.”</p>
<p>The enthusiasm for spot Bitcoin ETFs seems to have cooled off, with April’s net monthly outflows reaching $343.5 million, ending their three-month inflow streak. GBTC led the outflows in April with $2.5 billion leaving the ETF over the month.</p>

Unprecedented Daily Net Outflows Seen in Bitcoin ETFs: An In-depth Analysis

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Další články publikované 2. 5. 2024

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