- U.S. spot-Bitcoin ETFs experienced $484.9 million in net outflows in a single day, marking the highest since June 25.
- Prominent funds, such as BlackRock’s IBIT, Fidelity’s FBTC, Ark Invest’s ARKB, Grayscale’s GBTC, Bitwise’s BITB, and VanEck’s HODL, all reported net outflows.
- The outflows coincided with Bitcoin dropping to around $83,000, representing a third consecutive trading day of losses and its lowest daily close in 17 days.
Trend Forecast Analysis by Period
On a single day, U.S. spot-Bitcoin exchange-traded funds faced about $484.9 million in net outflows, the largest since June 25.
As per data from Trader T on October 7, the total net outflows from U.S. spot-Bitcoin ETFs reached $484.9 million.
Among these, BlackRock’s IBIT experienced the highest net outflow with $207.7 million withdrawn. Fidelity’s FBTC recorded net outflows of $105.1 million, followed closely by Ark Invest’s ARKB at $101.7 million, Grayscale’s GBTC at $39.3 million, Bitwise’s BITB at $27.6 million, and VanEck’s HODL at $3.5 million.
In contrast, Grayscale Mini BTC, Morgan Stanley’s MSBT, Valkyrie’s BRRR, Franklin Templeton’s EZBC, Invesco’s BTCO, and WisdomTree’s BTCW reported no significant inflows or outflows.
The outflows coincided with Bitcoin’s price falling to around $83,000, the lowest daily close seen in 17 days, continuing its decline for the third consecutive trading session.