U.S. spot bitcoin ETFs see largest daily outflow since August as BTC price hovers around $100,000

U.S. spot bitcoin exchange-traded funds (ETFs) recorded $558.4 million in net outflows on Friday, marking the largest single-day outflow since August 1, coinciding with Bitcoin's price hovering near $100,000.

Fidelity's FBTC led the outflows with $256.7 million, followed by Ark & 21Shares' ARKB ($144.2 million) and BlackRock's IBIT ($131.4 million). This outflow followed a brief halt to a six-day streak of outflows after Thursday's inflows. Despite recent outflows, IBIT's market share has slightly decreased to about 73.2% from its mid-September high of 82.3%. Bitcoin's price was relatively flat, trading around $101,985, though JPMorgan analysts project it could reach $170,000 in the next six to 12 months.

In contrast, spot Solana ETFs continued their positive trend, logging $12.7 million in net inflows for their ninth consecutive day, primarily benefiting Bitwise's BSOL fund since its launch.

(Source：The Block)