#BTCPrediction
Spot Bitcoin ETFs see second-largest outflow, Ether ETFs end 20-day streak
Spot Bitcoin exchange-traded funds (ETFs) saw $812.25 million in net outflows on Friday, marking the second-largest single-day loss in the history of these products.
The drawdown erased a week of steady gains and pushed cumulative net inflows down to $54.18 billion. Total assets under management slid to $146.48 billion, representing 6.46% of Bitcoin’s
$113,525
market capitalization, according to SoSoValue.
Fidelity’s FBTC led the exodus with $331.42 million in redemptions, followed by ARK Invest’s ARKB, which saw a substantial pullback of $327.93 million. Grayscale’s GBTC also lost $66.79 million. BlackRock’s IBIT posted a relatively minor loss of $2.58 million.
Trading volumes remained active, with $6.13 billion in value exchanged across all spot Bitcoin ETFs. IBIT alone accounted for $4.54 billion in volume, suggesting continued interest despite the outflows.🟢
