Inflows into US Spot Bitcoin ETFs Reach $516M

On Monday, US spot Bitcoin exchange-traded funds experienced over $500 million in net outflows, marking the fifth-largest outflow since their introduction in January 2024.

Fidelity’s FBTC saw the highest net outflows, with $247 million withdrawn, followed by BlackRock’s IBIT at $158.6 million, and Grayscale’s converted GBTC product with $59.5 million, as reported by data from The Block. In total, these Bitcoin ETFs recorded net outflows of $516.4 million on Monday, with figures from Ark Invest’s ARKB yet to be released.

Excluding ARKB’s data, Monday’s net outflows rank as the fifth-largest on record. The largest outflows occurred on December 19, with $671.9 million withdrawn after Bitcoin’s price dropped from its all-time high of over $108,000.

The five-day streak of net outflows for spot Bitcoin ETFs has now reached a cumulative $1.07 billion. Concurrently, US spot Ethereum ETFs reported $78 million in net outflows on Monday, led by BlackRock’s ETHA, with a three-day total outflow of $100 million.