Crypto
Bitcoin ETF Streak Ends as $148 Million Exits Funds
The streak of $3 billion inflows into U.S. spot Bitcoin exchange-traded funds (ETFs) has come to an end, with a combined $148.7 million in net outflows on Wednesday.
BlackRock's IBIT product ended its nine-day, $1.6 billion inflow run with $9.5 million exiting the fund. Fidelity's FBTC led the day's net outflows with $125.6 million, followed by Bitwise's BITB with $13.6 million.
The funds remain about $5 billion away from their cumulative flow peak on October 10 last year. Despite this, they have generated over $57 billion in cumulative net inflows since their debut in January 2024 and $970 million year-to-date, with over $100 billion in assets under management.