U.S. spot Bitcoin ETFs witnessed outflows amounting to $400.67 million on Thursday, marking the end of a six-day positive inflow streak. The substantial withdrawals were characterized by significant single-day exits, primarily from Ark’s and Bitwise's ETFs, highlighting investor movements amid current market conditions.
Fidelity’s FBTC ETF witnessed the largest outflow, with a considerable $179.2 million, signalling a shift in investor sentiment across financial markets. This is followed by sizable exits from Ark’s ARKB and Bitwise’s BITB, which saw withdrawals of $161.7 million and $113.9 million, respectively.
These movements underscore the volatility and fast-paced dynamics inherent in the Bitcoin ETF market, reflecting broader economic indicators and investor outlooks on cryptocurrency investments. While in recent days inflows have been positive, the recent outflows serve as a potential cautionary signal for market participants.