Bitcoin ETFs in the U.S. faced another day of losses as they experienced outflows for the fourth consecutive day. According to data from sosovalue.xyz, a total of $152.42 million was withdrawn on Tuesday, bringing the cumulative net inflows to $14.81 billion.
Fidelity's FBTC saw the largest outflow, losing $83 million, while Grayscale's Bitcoin Trust (GBTC) had a reduction of $62 million. Bitwise's BITB also experienced an outflow of $7 million. These three funds were the only ones to record losses, with the others having neutral trading sessions.
As of Wednesday, Fidelity's FBTC holds 170,151.83 BTC, valued at $11 billion, while Grayscale's GBTC has around 280,321.81 BTC, worth $18.22 billion. The total trade volume on Tuesday was $1.7 billion, with Blackrock's IBIT capturing $936 million of that total.
Despite the recent outflows, Blackrock's IBIT has consistently seen neutral trading days over the past four days. The overall sentiment regarding Tuesday's outflows remains to be seen. Share your thoughts in the comments section below.