US bitcoin ETF outflows hit three-week high as Ark Invest cuts holdings in own BTC fund
The Block
US spot bitcoin ETFs saw their largest net outflows in three weeks, while Ark Invest significantly reduced its holdings in its own BTC fund.Summary
U.S. spot bitcoin ETFs experienced $171.2 million in net outflows on Thursday, the highest single-day outflow in three weeks, with BlackRock's IBIT leading the withdrawals. Analysts suggest this reflects short-term profit-taking and macroeconomic uncertainty rather than a loss of long-term institutional conviction. Simultaneously, Ark Invest sold 495,000 shares of its own Ark & 21Shares bitcoin ETF (ARKB), valued at about $11.2 million, as part of its regular portfolio rebalancing strategy. Spot Ethereum ETFs also saw $92.5 million in outflows, marking seven consecutive days of negative flows.
(Source：The Block)