Spot Bitcoin ETFs Log $649M in Net Outflows on Monday, Largest Since January

IBIT-2.97%
According to SoSoValue, spot bitcoin ETFs in the U.S. recorded $648.6 million in net outflows on Monday, 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 outflows extended last week's total declines of $1 billion, ending a six-week positive streak. Bitcoin dropped below $77,000 over the weekend amid geopolitical tensions and rising oil prices.
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