US Spot Bitcoin ETFs’ Outflows Hit $11.29M on Thursday

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On Thursday, various US spot Bitcoin exchange-traded funds experienced a combined loss of $11.29 million, with the exception of Grayscale’s GBTC which saw a negative net inflow.

BlackRock’s IBIT fund led the pack with $14 million in net inflows, followed by Bitwise with $7 million, according to data from SoSoValue.

Fidelity, Ark Invest, Invesco, Galaxy Digital, and Franklin Templeton also saw modest net inflows totaling $11 million. However, these inflows were overshadowed by GBTC’s $43 million net outflow.

The remaining spot Bitcoin ETFs from VanEck, Valkyrie, WisdomTree, and Hashdex all reported zero flows for the day. Since their launch in January, US spot Bitcoin ETFs have accumulated a total net inflow of $11.76 billion.

However, their trading volume has gradually decreased since reaching a peak in early March when Bitcoin hit its all-time high.

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