According to data from SoSoValue, Fidelity’s spot Bitcoin ETF experienced a daily net outflow of $22.61 million on Thursday, marking the first time since its January listing that it saw more funds move out.
Other US Bitcoin funds also reported outflows, with a total of $217.58 million draining out. Grayscale’s converted ETF had the largest loss at $139.37 million, followed by funds from Ark Invest, 21Shares, Valkyrie, and Bitwise.
The only fund that saw net inflows was Franklin Templeton’s EZBC, which received $1.87 million. BlackRock’s IBIT fund did not see any flows on Thursday, ending its 71-day streak of positive flows, which is not uncommon in ETFs according to crypto analyst HODL15Capital.
According to analyst Hong Song-uk of NH Investment and Securities, there have been minimal inflows into funds post-Bitcoin halving, likely due to a lack of significant events related to Bitcoin in the near future.
