Bitcoin Spot ETF Sees $47.8 Million Net Outflow Amid BlackRock’s $130.5 Million Withdrawal

According to data from Farside Investors, the US Bitcoin spot ETF market experienced a significant net outflow of $47.8 million on June 6th. The largest withdrawal was recorded in BlackRock’s IBIT, which saw a substantial reduction of $130.5 million. Conversely, other ETFs demonstrated inflows, with Fidelity’s FBTC gaining $22.8 million, Bitwise’s BITB increasing by $31.8 million, and ARK’s ARKB adding $11.5 million. Additionally, VanEck’s HODL and Grayscale’s Mini BTC reported positive inflows of $7.4 million and $9.2 million respectively. This divergence in fund flows highlights shifting investor preferences within the Bitcoin ETF landscape, reflecting a nuanced market sentiment towards different fund managers and product structures.