US Bitcoin Spot ETF Reverses to Daily Outflow After One Day...$450M Withdrawn

U.S. Bitcoin (BTC) spot exchange-traded funds (ETFs) reversed to a daily outflow within one day, with over $450 million in capital flowing out.

According to TraderT on April 16 (local time), the total daily outflow for U.S. Bitcoin spot ETFs was $45.04 million, equivalent to approximately 61.58 billion won. This follows a shift from net inflow after five trading days on April 14, but reversed within one day.

BlackRock's IBIT saw a $161.7 million outflow, while Fidelity's FBTC recorded a $214.8 million withdrawal. Bitwise's BITB and Ark Invest's ARKB also experienced outflows of $12.4 million and $17.4 million, respectively.

Grayscale's GBTC saw $44.1 million in capital leave, with no other products reporting net inflows or outflows.