US Bitcoin Spot ETF Sees $278.4 Million Net Outflow Amid Major Withdrawals from Fidelity and ARK

According to Farside Investors data reported by COINOTAG News on June 6th, the US Bitcoin spot ETF market experienced a significant net outflow totaling $278.4 million yesterday. Key contributors to this decline included Fidelity’s FBTC with withdrawals of $80.2 million, ARK’s ARKB at $102 million, and Bitwise BITB shedding $36.7 million. Other notable outflows were observed from Grayscale’s GBTC and Mini BTC products, with reductions of $24.1 million and $16.7 million respectively. Smaller but impactful decreases were recorded by SkyBridge BTCO and VanEck HODL. Interestingly, BlackRock’s IBIT remained stable with no net change. This data underscores a cautious investor sentiment within the Bitcoin ETF landscape, reflecting ongoing market adjustments amid evolving regulatory and macroeconomic factors.