Spot Bitcoin ETFs Log $649M in Net Outflows, Largest Single Day Since January

BTC-0.73%
IBIT-2.97%
ARK0.31%
According to SoSoValue data, spot bitcoin ETFs in the U.S. recorded $648.6 million in net outflows yesterday (May 18) across seven funds, marking the largest single-day decline since January 29. BlackRock's IBIT led the outflows with $448.3 million, followed by Ark & 21Shares' ARKB at $109.6 million and Fidelity's FBTC at $63.4 million. The outflow extended last week's $1 billion in total net outflows, ending a six-week positive streak. Bitcoin dropped below $77,000 over the weekend, pressured by renewed U.S.-Iran tensions and rising oil prices amid inflation concerns.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments