Summary
U.S.-listed spot bitcoin ETFs are seeing four consecutive days of net negative flows, with the Grayscale Bitcoin Trust (GBTC) experiencing $359 million in outflows on Thursday. Fidelity’s Wise Origin Bitcoin Fund (FBTC) also had its lowest daily inflow in history.
Key Points
1. U.S.-listed spot bitcoin ETFs have experienced four consecutive days of net negative flows, with the Grayscale Bitcoin Trust (GBTC) seeing $359 million in outflows on Thursday.
2. Despite most funds still seeing inflows, the outflows from GBTC have not been offset by the inflows, resulting in $94 million in outflows for the entire fund group.
3. Fidelity’s Wise Origin Bitcoin Fund (FBTC) received the lowest daily inflow in its history, according to data compiled by BitMEX Research.