Spot Bitcoin ETFs Return to Net Daily Outflows; Grayscale's GBTC Total Outflows Eclipse $15 Billion

The combined U.S. spot Bitcoin BTC/USD exchange-traded funds returned to net outflows on Monday, having recorded net inflows every trading day last week, totaling $860 million. Inflows of $165.9 million from BlackRock's BLK dominant IBIT ETF IBIT were not enough to help overcome $302.6 million in outflows from Grayscale's converted GBTC GBTC fund, leading to a total net outflow of $85.7 million yesterday, according to CoinGlass data. Fidelity's FBTC FBTC was second with $44 million worth of inflows on Monday and Invesco's BTCO BTCO was third with $4.2 million. However, Ark Invest 21Shares's ARKB ETF ARKB slumped its first outflows since trading began on Jan. 11 — losing $300,000. The remaining funds saw inflows between zero and $2 million. Total net inflows currently stand at just over $12 billion.

Read the full story at The Block.

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