Spot Bitcoin ETFs See $541 Million in Outflows, Largest Daily Negative Flow Since May

U.S. spot bitcoin exchange-traded funds saw $541 million in net outflows on Monday, marking their largest daily net outflow since May 1 and the second-largest negative flow since trading began in January. Eight spot bitcoin ETFs saw net outflows yesterday, with Fidelity’s FBTC recording net outflows of $169.6 million. Ark and 21Shares’ ARKB saw $138.26 million in net outflows, and Bitwise’s BITB had net outflows of $79.84 million. Grayscale’s GBTC and its Mini Bitcoin Trust also reported net outflows of $63.66 million and $89.49 million, respectively. The only net inflows yesterday came from BlackRock’s IBIT, the largest spot bitcoin ETF by net assets, which recorded $38.42 million in net inflows. The 12 bitcoin ETFs traded around $2.22 billion yesterday, compared to $3.09 billion on Friday. Meanwhile, spot ether ETFs also saw net outflows on Monday, with $63.22 million exiting the funds. This marked the largest daily net outflow since Sept. 23. The outflows mainly came from Fidelity’s FETH and Grayscale’s Mini Ethereum Trust, both of which logged outflows of over $31 million. Grayscale’s ETHE also saw net outflows of $10.8 million. BlackRock’s ETHE was the only fund with net inflows on Monday, totaling $11 million.