Spot bitcoin ETFs see $195 million exit, largest daily outflow in 2 weeks
The Block
U.S. spot bitcoin ETFs experienced a $194.6 million net outflow on Thursday, the largest in two weeks.Summary
U.S. spot bitcoin exchange-traded funds recorded a net outflow of $194.6 million on Thursday, marking the largest daily negative flow in two weeks. BlackRock's IBIT led the outflows with $112.9 million, followed by Fidelity's FBTC with $54.2 million. This followed a $14.9 million outflow on Wednesday. Trading volume for the ETFs also dropped to $3.1 billion. Experts suggest the outflows are driven by basis trade unwinds as the futures-spot spread compressed, forcing arbitrageurs to sell holdings amid volatility. Traders are also watching for upcoming U.S. inflation data and the Federal Reserve's December rate decision. Separately, spot Ethereum ETFs saw $41.6 million in net outflows on Thursday.
(Source：The Block)