The 10-Day Inflow Series for US Spot Bitcoin ETFs Has Ended! Here Are the Details

U.S.-based spot Bitcoin exchange-traded funds (ETF) experienced a total net outflow of $358.6 million on Thursday. Thus, the total series of positive inflows amounting to $4.26 billion over 10 consecutive days for 12 ETFs has come to an end.

$358 Million Net Outflow in US Spot Bitcoin ETFs: 10-Day Inflow Series Ends

According to data provider SoSoValue, BlackRock's IBIT fund was the exception of the day, recording a net inflow of 125 million dollars. Other major providers, however, faced significant fund losses:

• Fidelity's FBTC fund: 166.32 million dollars outflow
• Grayscale's GBTC fund: $107.53 million outflow
• Ark & 21Shares' ARKB fund: 89.22 million dollars outflow
• Bitwise's BITB fund: $70.85 million outflow

Other ETF providers such as VanEck, Valkyrie, Invesco, and Franklin Templeton have also reported exits.

Thursday's outflows represent the largest daily net outflow seen in spot Bitcoin ETFs since March 11. The total trading volume in ETFs increased from 3.5 billion dollars the previous day to 5.39 billion dollars today.

Despite the outflows, IBIT's strong performance stood out. Leading the majority of the 10-day inflow series, IBIT had attracted over 4 billion dollars in funds during this period alone. The total cumulative net inflow of ETFs was 45.34 billion dollars on Wednesday, while it declined to 44.99 billion dollars as of Thursday.

On the other hand, spot Ethereum ETFs listed in the US recorded net inflows for the ninth consecutive day. A total of $91.93 million flowed into these funds on Thursday.

Market Movements

• Bitcoin has lost 1.38% in value in the last 24 hours, trading at $106,204.
• Ethereum dropped to $2,639 with a decrease of 3.3%.

According to experts, these exits may be due to profit realization, a cautious approach against price fluctuations, and expectations of short-term corrections. Spot ETFs continue to be monitored as an important indicator of institutional investor interest.

*This is not investment advice.

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