Spot Bitcoin $BTC ETF Records US$277 Million Outflow Amid Price Decline
The Spot Bitcoin (BTC) Exchange Traded Fund (ETF) recorded a significant outflow of US$277 million on Friday (20/12), marking the second red day this week.
The largest outflow was seen in ARK 21Shares’ Bitcoin ETF (ARKB), which lost US$87 million. This was followed by BlackRock’s iShares Bitcoin Trust (IBIT) with US$72 million in outflows.
Other ETFs, such as Fidelity Wise Origin Bitcoin Fund (FBTC) and Grayscale Bitcoin Trust ETF (GBTC), also faced outflows of US$71 million and US$57 million, respectively.
However, Franklin Bitcoin ETF (EZBC) managed to record a US$5.6 million inflow on the same day, offering a slight positive note amid the outflows.
As of now, Bitcoin is trading at US$98,875, reflecting its downward trend over the past few days.
