Spot Bitcoin ETFs Lose $43M in a Day

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Bitcoin exchange-traded funds in the United States experienced a total daily net outflow of $43.97 million on Wednesday, breaking a positive flow streak that had lasted two days.

According to data from SoSoValue, ARK Invest and 21Shares’ ARKB reported the largest outflows among the ETFs with $54.03 million. Grayscale’s GBTC saw net outflows of $4.59 million, and its Bitcoin Mini Trust saw approximately $511,230 in outflows.

On the other hand, Fidelity’s FBTC recorded the largest inflow of $12.57 million, while Invesco’s BTCO also saw $2.59 million flow into the product.

The remaining seven funds had no daily flows recorded, and BlackRock’s IBIT has not seen net inflows since August 26.

On Tuesday, the 12 Bitcoin ETFs had a daily trading volume of $1.27 billion, an increase from $712.25 million the day before.