On Thursday, Bitcoin’s downturn continued to impact U.S. Bitcoin ETFs, which saw their action slow for a third consecutive day of outflows. The 11 listed ETFs collectively recorded a net outflow of $54.13 million, according to data from SoSoValue.
Leading the losses were Ark Invest’s ARKB and Fidelity’s FBTC, with outflows of $57.97 million and $37.21 million, respectively. On a positive note, the BlackRock IBIT fund once again bought the dip, adding $35.96 million worth of Bitcoin. Bitwise’s BITB and Invesco’s BTCO also saw inflows, bringing in $2.65 million and $2.44 million, respectively.
The remaining funds—Grayscale’s GBT, VanEck’s HODL, Franklin & Templeton’s EZBC, Valkyrie’s BRRR, Grayscale’s BTC, and WisdomTree’s BTCQ—did not record any inflows or outflows for the day.
This is yet another challenging day for Bitcoin ETFs amidst the ongoing market downturn, with only a few funds seizing the opportunity to add to their holdings while the majority remained quiet.
Keep following us at HowToBuyBitcoin.org where we continue to monitor these inflows and outflows closely as they provide insights into investor sentiment and the broader market trends.