ARK Bitcoin ETF Sees $164M Outflow Amid Ongoing Rally

ARK's flagship Bitcoin ETF has seen significant outflows despite the ongoing rally in cryptocurrency prices. The ARK 21Shares Bitcoin ETF, listed as ARKB, experienced a sharp decline of $164.3 million on September 11, trimming its assets under management to $2.52 billion. This represents about 6.5% of AUM, suggesting that a substantial number of investors took profits or derisked.

The price of BTC-USD is currently trading at $76,755.85, up roughly 19.8% over the past three months. This price strength is supported by broader adoption and macro hedging narratives, which may be causing some institutional investors to reassess their exposure after a strong quarter.

The divergence between sizable ETF outflows and Bitcoin's ongoing price strength underscores a tug of war between long-term bulls and tactically minded traders.