Ark Invest’s spot bitcoin ETF logs record $100 million in daily net outflows

Spot bitcoin exchange-traded funds in the U.S. logged their 13th consecutive day of net inflows on Thursday, drawing in $48.71 million. Major movements of funds were spotted in two bitcoin funds from Fidelity and from Ark Invest and 21Shares yesterday.

BlackRock’s IBIT, the largest spot bitcoin fund by net assets, logged net inflows of $2 million. Grayscale’s GBTC, which recently became the second largest, saw zero flows. Bitwise’s BITB added $26 million worth of funds, while Invesco and Galaxy Digital’s bitcoin ETF reported $2 million in net inflows.

“If U.S. inflation numbers exceed expectations and personal income and spending trends rise, it could dampen investor optimism about a potential Fed rate cut in September. A more hawkish Fed could negatively impact demand for riskier assets, including bitcoin and related ETFs,” Lucas said.

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