Institutional Bitcoin ETFs Experience Heavy Single-Day Withdrawals
According to BlockBeats, citing data from Farside Investors, three major U.S. Bitcoin funds — Fidelity’s FBTC, ARK’s ARKB, and Grayscale’s GBTC — recorded a combined net outflow of $236.8 million on May 24.
The largest withdrawal came from Grayscale’s GBTC, which posted a $89.2 million net outflow. ARKB, ARK Invest’s Bitcoin ETF, saw $73.9 million in outflows, while Fidelity’s FBTC followed closely with $73.7 million.
Breakdown of May 24 Bitcoin ETF Outflows
Fund | Net Outflow (USD) |
|---|---|
Grayscale GBTC | $89.2 million |
ARK ARKB | $73.9 million |
Fidelity FBTC | $73.7 million |
Total | $236.8 million |
