The combined U.S. spot Bitcoin exchange-traded funds returned to net outflows on Monday, having recorded net inflows every trading day last week, totaling $860 million.
Fidelity’s FBTC was second with $44 million worth of inflows on Monday and Invesco’s BTCO was third with $4.2 million. However, Ark Invest 21Shares’s ARKB ETF slumped its first outflows since trading began on Jan. 11 — losing $300,000. The remaining funds saw inflows between zero and $2 million. Total net inflows currently stand at just over $12 billion.Earlier this month, a Coinbase report suggested that Genesis Global Holdco LLC's potential sale of 35.
“$302.6 million outflow for GBTC today — honestly higher than I expected,” Bloomberg ETF analyst James Seyffart wrote yesterday. “I thought this would have slowed down by now.”
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