US Spot Bitcoin ETFs Lose $140M

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There were $139.88 million in net outflows from spot Bitcoin exchange-traded funds in the US on Thursday, marking the fifth consecutive day of outflows.

According to data from SoSoValue, Grayscale’s GBTC had the highest daily outflow at $53 million, followed by Fidelity’s FBTC with $51 million.

Bitwise’s BITB had $32 million in outflows, while VanEck’s ETF saw $4 million leave the fund. Invesco and Galaxy Digital had $2 million in net outflows, while BlackRock’s IBIT saw $1 million in net inflows, the only one to do so.

The other funds from Ark Invest, Valkyrie, Franklin Templeton, WisdomTree, and Hashdex did not have any flows. The total trading volume for all 11 funds was $1.16 billion, lower than Tuesday’s $1.7 billion.

Since their launch in January, the total net inflow for these ETFs stands at $14.67 billion as of Thursday. The market was closed on Wednesday for a holiday.