On Thursday, there was a decrease of $400.67 million in investments for spot Bitcoin exchange-traded funds in the US.
The ETFs managed by Ark and Bitwise experienced their largest single-day withdrawals, putting an end to their streak of six consecutive days of positive flows.
According to data from SoSoValue, the largest outflow was from Fidelity’s FBTC fund, with $179.2 million leaving the fund.
This marked the largest net outflow in a single day since May 1. Ark and 21Shares saw $161.7 million in net outflows for their ARKB fund, and Bitwise’s BITB fund recorded outflows of $113.9 million, both of which were their largest daily withdrawals since their inception.
The only two funds to see positive flows on Thursday were BlackRock’s IBIT, the largest spot Bitcoin ETF by net assets, with $126.5 million in net inflows, and VanEck’s HODL, with inflows of $2.5 million.
