ARK 21Shares Suffers $164M Redemption Wave Amid Bitcoin Rally

ARK 21Shares Bitcoin ETF (ARBK) has faced a significant outflow of $164.3 million on September 11, representing about 6.5% of its assets under management, which stand at $2.52 billion.

This single-day redemption marks one of the largest pullbacks for the fund this quarter and highlights how sensitive spot Bitcoin products are to swings in sentiment and profit-taking after a strong run.

The related asset, BTC-USD, is currently trading at $77,336.02, up roughly 21.7% over the past three months.

Despite the sizable ETF outflow, the coin's near-term technical backdrop remains constructive, with a one-day signal flashing 'Buy', suggesting traders continue to see upside even as some institutional holders trim exposure.