On Wednesday, Bitcoin ETFs saw a mixed day, with inflows and outflows reflecting the ongoing market uncertainty. According to data from SoSoValue, the 11 Bitcoin ETFs recorded a total outflow of $43.97 million, largely driven by a significant outflow from one fund.
The ARKB fund led the outflows, seeing a massive $54.03 million leave the fund, making it the biggest loser of the day. Grayscale’s GBTC fund also experienced some outflows, with $4.59 million pulled out, and Grayscale’s BTC fund had a smaller outflow of $511.23K. These three funds accounted for all the outflows on Wednesday.
On the positive side, two funds recorded inflows. Fidelity’s FBTC fund managed to bring in $12.57 million, showing some investor confidence. Invesco’s BTCO fund also saw positive action, with $2.59 million in inflows, adding a bit of balance to the day’s overall negative trend.
The remaining funds, including BlackRock’s IBIT, saw no changes for the day, with no inflows or outflows recorded. These funds continued to hold steady amid the day’s market movements.
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