U.S.-listed bitcoin ETFs experienced outflows totaling over $226 million on Thursday, marking the third day of outflows this week.exchange-traded funds posted over $226 million in net outflows on Thursday for a third day of outflows this week and reminiscent of the stream of withdrawals that occurred at the end of April.
Fidelity’s FBTC recorded the highest outflow, with $106 million withdrawn, preliminary data from SoSoValue shows. Grayscale’s GBTC recorded $62 million in outflows, and Ark Invest’s ARKB saw $53 million taken out.Only BlackRock’s IBIT recorded a net inflow, gaining $18 million. The ETFs offered by Valkyrie, Franklin Templeton, Hashdex and WisdomTree showed no inflow or outflow activity.
Wednesday was the only day this week that registered a net inflow of these U.S.-listed products, which added $100 million on the day. The activity comesThe withdrawals bring the net amount taken out of the exchange-traded funds to $564 million in three days. That's about half the $1.2 billion taken out of six days at the end of April.
U.S. inflation came in lower-than-expected, briefly boosting bitcoin prices to $70,000 from $68,000 before tumbling back under $67,000 as traders likely took profits on the move.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.
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