U.S. spot bitcoin exchange-traded funds (ETFs) faced a third consecutive day of outflows on Monday, losing more than $145 million. Fidelity's FBTC took the lead in outflows, with $92 million exiting the fund on June 17.
During Monday's outflow, U.S.-based spot bitcoin ETFs experienced approximately $145.83 million in outflows, according to sosovalue.xyz metrics. The group had a trading volume of about $1.24 billion, with only one fund showing inflows out of the 11 funds. Grayscale's GBTC saw a $3 million decrease, while Blackrock's IBIT remained neutral with no inflows or outflows.
Fidelity's FBTC was hit the hardest with $92 million leaving the fund during trading sessions. Following FBTC's decline, Ark Invest and 21shares' ARKB fund lost $50 million on Monday. Vaneck's HODL also decreased by $4 million, while Bitwise's BITB fund was the only one to see gains, bringing in around $3 million in inflows.
After Monday's $145.83 million outflows, the assets under management (AUM) across all 11 funds totaled $58.24 billion as of June 18. Cumulative net flows since the launch of the spot BTC ETFs on Jan. 11, 2024, now stand at $14.96 billion.
BTCO, BRRR, EZBC, BTCW, and DEFI all experienced neutral activity on Monday. The ongoing outflows from U.S. spot bitcoin ETFs indicate a significant shift in investor sentiment, reflecting broader market uncertainty.
With major funds like Fidelity's FBTC and Ark Invest's ARKB seeing substantial withdrawals, fund managers are under pressure to stabilize their AUMs. The positive performance of Bitwise's BITB fund offers a glimmer of hope amid the widespread declines.
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