US Spot Bitcoin ETFs Lose $438M

Reading Time: < 1 minute

According to data from SoSoValue, seven spot Bitcoin ETFs in the US experienced a net outflow of $438.4 million on Monday. This marks the end of a five-day period of net inflows, which had brought in a total of $3.4 billion.

Of the seven ETFs that saw outflows, Bitwise’s BITB had the highest with $280 million, followed by Grayscale’s GBTC with $158.2 million, Fidelity’s FBTC with $134.7 million, and Ark and 21Shares’ ARKB with $110.9 million each. In addition to these, Invesco, Valkyrie, and VanEck’s spot Bitcoin funds also reported negative flows on Monday.

On the other hand, BlackRock’s IBIT, which has the largest cumulative inflows of $31.6 billion, saw net inflows of $267.8 million. Grayscale’s Mini Bitcoin Trust also had modest inflows of $420,460. Over the course of Monday, the 12 Bitcoin ETFs had a total trading volume of $5.6 billion, slightly higher than the $5.4 billion recorded on Friday.

The cumulative net inflow for all 12 funds currently stands at $30.4 billion, and their combined total assets under management are worth $102.2 billion, which accounts for about 5.4% of the total Bitcoin market capitalization.