According to statistics from SoSoValue, the U.S. Bitcoin Spot ETF recorded a net outflow of US$242 million on Thursday, of which IBIT issued by BlackRock had a net outflow of approximately US$333 million, setting a record high since the fund was launched in January last year. The largest single-day net outflow since.
Daily fund flows for U.S. Bitcoin spot ETFs (Source: SoSoValue)
Only the IBIT fund and the GBTC fund issued by Grayscale ($23.13 million) showed net outflows yesterday. The highest net inflow amount was the BITB fund issued by Bitwise, with an amount of $48.31 million, followed by the FBTC fund issued by Fidelity, with an amount of approximately $36.2 million.
"Institutional investors often rebalance their portfolios to align with asset allocation goals," said Neal Wen, Head of Global Business Development at Kronos Research. "The large outflow from BlackRock's IBIT may reflect this activity, particularly in response to Bitcoin's price fluctuations or broader market conditions."
Additionally, the US Ether spot ETF recorded a net capital outflow of $77.51 million on Thursday, dominated by Bitwise's ETHW and Grayscale's ETHE, with net outflows of $56.11 million and $21.40 million, respectively.
Daily capital flow of US Ether spot ETF (Source: SoSoValue)
Data source: SoSoValue, The Block
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