Bitcoin ETFs See $170 Millions in Net Outflows, Snapping Two-Day Inflow Streak

U.S. spot Bitcoin exchange-traded funds (ETFs) saw $169.9 million in net outflows on Wednesday, ending a two-day run of positive inflows

Bitcoin exchange-traded funds (ETFs) in the U.S. saw net outflows of $169.9 million on Wednesday, snapping a two-day streak of inflows, according to data from SoSoValue.

The two ETFs were the only ones to post losses on the day, but their impact was significant enough to pull the overall market into negative territory.

However, the outflows were partially offset by inflows into six other ETFs:

Wednesday’s outflow followed a stretch of renewed investor confidence, during which the 12 approved spot Bitcoin ETFs collectively posted two straight days of inflows.

While volatility in ETF flows is common, especially in a still-maturing market, the outsized moves in FBTC and ARKB may indicate shifting investor preferences or broader market jitters surrounding crypto assets.output: Bitcoin ETFs clocked net outflows of $169.9 million on Wednesday, according to data from SoSoValue.

The two ETFs were the only ones to post losses on the day, but their impact was significant enough to pull the overall market into negative territory.

However, the outflows were partially offset by inflows into six other ETFs:

Wednesday’s outflow followed a stretch of renewed investor confidence, during which the 12 approved spot Bitcoin ETFs collectively posted two straight days of inflows.

Earlier this month, the president of the State Street Global Advisors (SSGA) division managing the Bitcoin ETFs expressed optimism about the funds’ performance and hinted at the possibility of applying for backdoor approval to launch a Bitcoin futures ETF.

Despite the recent outflows, the approved U.S. spot Bitcoin ETFs have collectively pulled in nearly $400 million in inflows so far this year.

The post Bitcoin ETFs Snap Two-Day Inflow Streak with $170 Million Net Outflow appeared first on SoSoValue.