U.S. Spot Bitcoin ETFs See $89.8 Million in Net Outflows

U.S. spot Bitcoin ETFs experienced a notable decline in investor interest, with total net outflows reaching $89.8 million. The data, reported by Farside Investors on October 6, highlights significant withdrawals from two major funds: ARKB from Ark Invest and FBTC from Fidelity.

ARK Invest's ARKB saw the highest net outflow at $85.2 million, followed by Fidelity's FBTC with $74.5 million in outflows. These withdrawals were partially offset by BlackRock's IBIT, which recorded $69.9 million in net inflows. The remaining products in this category did not report any net changes.

The mixed performance among these ETFs suggests varying levels of investor confidence. While some funds faced substantial outflows, others like IBIT managed to attract new investments, indicating a divided market sentiment.