Bitcoin ETF Outflows Continue, Total Below $15 Billion

The Bitcoin ETF market saw a continued outflow of funds during the week, dropping the total net inflows below $15 billion. The Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB) experienced the largest outflows, totaling $92 million and $50 million, respectively. Other notable outflows were recorded by VanEck Bitcoin Trust (HODL) and Grayscale Bitcoin Trust (GBTC). While the broader crypto market is facing uncertainty and Bitcoin price fell below $66,000, the Bitwise Bitcoin ETF (BITB) bucked the trend with $2.9 million in inflows. This follows four consecutive weeks of inflows totaling approximately $4 billion, highlighting the volatile nature of the market.