Bitcoin ETFs Reverse Inflow Streak With $202M Exit
The streak of inflows into U.S. spot bitcoin exchange-traded funds (ETFs) came to an end on Friday, as $201.8 million in net outflows snapped a nine-session run that had pulled in over $3 billion.
The ARK 21Shares Bitcoin ETF (ARKB) accounted for the largest share of this week's outflows at $114.9 million, followed by Bitwise's BITB with $49.7 million in redemptions and BlackRock's iShares Bitcoin Trust (IBIT) seeing $33.4 million leave the fund.
Morgan Stanley's Bitcoin Trust (MSBT), however, was an outlier, drawing in $9.3 million in fresh capital.