Bitcoin ETF outflows end with $3.05 million net inflow
Spot Bitcoin ETFs traded in the US saw a modest net inflow of $3.05 million on Wednesday, halting a 13-session streak of continuous outflows that had wiped out over $4.4 billion since mid-May. However, data indicates this recovery remains limited for now. The ongoing outflows had reduced the total assets under management in spot Bitcoin ETFs to $80.40 billion, significantly down from $104.29 billion at the start of the outflow period. BlackRock’s IBIT fund, the largest in the sector, registered an inflow of $47.66 million. In contrast, funds from Fidelity (FBTC), Bitwise (BITB), and Ark (ARKB) continued to see further outflows.