The US Bitcoin spot ETF had a net outflow of $79.09 million yesterday, ending its 7-day net inflow t
According to SoSoValue statistics, the US Bitcoin spot exchange traded fund (ETF) recorded a net outflow of $79.09 million on Tuesday, ending seven consecutive trading days of net inflows.
Among the 12 Bitcoin ETFs, only the ARKB fund jointly issued by Ark Investments (ARK) and 21Shares showed a net outflow of $134.7 million on Tuesday trading day. And three ETFs showed net inflows, one of which was the IBIT fund issued by BlackRock, with an amount of $42.98 million.
Prior to the net outflow on Tuesday, the US Bitcoin spot ETF absorbed over $2.67 billion during a seven day period of continuous fund inflows, comparable to the peak level reached by these funds in March. A large influx of ETF funds occurred simultaneously with the rebound of Bitcoin price. During the uptrend from October 11th to October 20th, Bitcoin's increase reached nearly 15%, reaching a price of $69500. However, Bitcoin experienced a decline this week, with a trading price of $67050 as of the deadline.
Unlike the Bitcoin ETF, the US Ethereum spot ETF showed a net inflow of funds yesterday, mainly led by the ETFA fund issued by BlackRock, with an amount of $11.94 million, while the net flow of the other 8 ETFs was zero.
