On Thursday, Bitcoin saw a slight dip, trading at $56,350 at the time of writing, according to CoinMarketCap. The price decrease of just under one percent was mirrored by another rough day for Bitcoin ETFs in the U.S., with funds continuing to see notable outflows. Thursday’s numbers showed a total outflow of $211.15 million across the 11 Bitcoin ETFs, with none of the funds recording any inflows for the day. This marks another challenging session for the funds, following a slowdown on Wednesday.
Among the funds experiencing outflows, Fidelity’s FBTC stood out with a significant $149.49 million exiting the fund, marking one of the largest single-day outflows of the week. Bitwise also saw a notable $30 million outflow, continuing its tough run. Grayscale’s GBTC wasn’t far behind, with $23.22 million in outflows, while Grayscale’s other fund, BTC #, recorded $8.45 million in outflows.
Meanwhile, several funds saw no action on Thursday. VanEck, ARKB, Invesco’s BTCO, BlackRock, Valkyrie, Franklin Templeton’s EZBC, and WisdomTree did not record any inflows or outflows, maintaining a neutral position.
This lack of positive movement across all ETFs further underscores the broader sentiment in the market, as investors seem to be pulling back amid recent volatility.
It’s clear that this week continues to be a challenging one for Bitcoin ETFs, with only Friday left to potentially turn the tide.
Follow us at HowToBuyBitcoin.org for ongoing updates on ETFs and the latest news on Bitcoin