Fidelity’s FBTC led with $164 million in outflows, followed by ARK Invest’s ARKB at $143 million and BlackRock’s IBIT at $88 million. Grayscale’s GBTC saw an additional $65 million leave, while Bitwise’s BITB recorded a more minor $6 million loss.
At the beginning of this week, Bitcoin Exchange-Traded Funds (ETFs) saw inflows of $149 million and $202 million on Monday and Tuesday, respectively, reflecting a brief period of optimism in the market before the change in direction. However, the ETF holdings are still quite high, as they exceed 1.5 million BTC, approximately $169 billion, representing 7.3% of the total Bitcoin supply.