Bitcoin ETF outflows accelerate as investors pull $449M in three days
ARK 21Shares accounted for $164 million of Thursday’s Bitcoin ETF withdrawals, while Ether and Solana funds also recorded net outflows.
In the latest development, Bitcoin exchange-traded funds (ETFs) saw their largest daily outflow in nearly two months, with investors pulling $449 million over three days. The ARK 21Shares Bitcoin ETF (ARKB) led the exodus, accounting for $164 million of the total withdrawals. Grayscale’s Bitcoin Trust ETF (GBTC) and Fidelity’s FBTC followed with $36 million and $33.6 million in outflows, respectively.
This sharp decline in Bitcoin ETFs came after a recent three-week period of strong net inflows, totaling $55.17 billion. The spot Bitcoin (BTC) ETFs recorded $282.6 million in net outflows, marking the largest since July 13. Spot Ether (ETH) and Solana (SOL) ETFs also experienced net outflows of $29.8 million and $483,000, respectively.
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