U.S. Spot Bitcoin ETFs See $261.46 Million in Net Outflows
More than $260 million flowed out of U.S. spot Bitcoin exchange-traded funds in a single day, with Fidelity and BlackRock products posting the largest net withdrawals.
According to SoSoValue, U.S. spot Bitcoin ETFs recorded combined net outflows of $261.46 million on October 14.
Fidelity's FBTC posted the largest net outflow at $152.73 million. BlackRock's IBIT also saw $110.94 million leave the fund. Together, the two products recorded total net outflows of $263.67 million.
By contrast, Bitwise's BITB took in $2.22 million in net inflows, offsetting part of the broader outflows. Grayscale's GBTC and BTC, along with ARK 21Shares' ARKB and the remaining products, recorded no net inflows or outflows.
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