US spot bitcoin ETFs saw $211 million in outflows, extending streak of negative flows

Spot bitcoin exchange-traded funds in the U.S. saw $211.15 million in net outflows on Thursday, recording their seventh consecutive day of negative flows.

Fidelity’s FBTC saw the largest amount of outflows among spot bitcoin ETFs, with $149.49 million, according to data from SoSoValue. Bitwise’s BITB followed with $30 million in net outflows. Both Grayscale’s GBTC and mini trust recorded outflows on Thursday: GBTC saw $23.22 million, while the mini trust saw $8.45 million move out from the ETFs.

There were no funds that recorded net inflows yesterday. The eight other funds, including BlackRock’s IBIT, logged zero flows for the day.

The total daily trading volume for the 12 ETFs declined further to $1.35 billion, down from $1.41 billion on Wednesday. The spot bitcoin funds have amassed total net inflows of $17.06 billion since launching in January.#USNonFarmPayrollReport $BTC