Bitcoin ETFs Post First Daily Outflows in Nearly Two Weeks Amid Profit-Taking
Main Idea
Spot Bitcoin ETFs experienced net outflows totaling $131.35 million after a 12-day inflow streak, with ARK Invest's ARKB fund leading the outflows, while Ethereum ETFs continued to attract significant capital.
Key Points
1. ARK Invest's ARKB fund saw the largest outflows at $77.46 million, followed by Grayscale’s GBTC ($36.75 million) and Fidelity’s FBTC ($12.75 million).
2. BlackRock’s IBIT remained neutral with no inflows or outflows, holding the largest net assets at $86.16 billion.
3. Total net assets for all spot Bitcoin ETFs stand at $151.6 billion, representing 6.52% of Bitcoin’s market capitalization.
4. Analysts attribute the outflows to profit-taking and strategic rebalancing rather than fear-driven selling.
5. Ethereum ETFs saw $296.59 million in net inflows on Monday, continuing a 12-day streak, with total inflows reaching $7.78 billion.
Description
After a strong 12-day streak of inflows, spot Bitcoin exchange-traded funds (ETFs) recorded net outflows totaling $131.35 million on Monday. The retreat follows a wave of enthusiasm that had seen $6.6 billion enter the market over nearly two weeks, reflecting renewed institutional and retail appetite for the asset class. This reversal is being interpreted by market analysts as a sign of measured profit-taking rather than fear-driven selling. ARK Invest Sees Largest Outflows Among ETF Issuers The...
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