Daily Net Outflow of Ark Invest’s Spot Bitcoin ETF Hits $87M

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According to data from SoSoValue, the ARKB fund from Ark Invest 21Shares saw outflows of $87.5 million on Tuesday, the highest since its debut.

This amount is higher than the outflows seen from Grayscale’s GBTC, which recorded $81.9 million on the same day.

It was the first time since its launch that ARKB experienced net outflows. However, the fund has had a total net inflow of $2.2 billion, according to SoSoValue.

Meanwhile, BlackRock’s IBIT saw the highest net inflow of $150.5 million, followed by Fidelity’s fund which added $44.8 million. Two spot ETFs from VanEck and Bitwise also saw inflows in the range of three to five million dollars.

Overall, the 11 spot Bitcoin ETFs in the U.S. saw a combined net inflow of approximately $39.47 million, according to SoSoValue. The outflows in spot Bitcoin ETFs coincided with a decline in Bitcoin’s price on Tuesday.