The US Bitcoin spot ETF had a net outflow of $438 million yesterday, marking the first net outflow after five days of net inflows
According to SoSoValue data, as of yesterday (Eastern Time November 25), the total net outflow of Bitcoin spot ETFs was $438 million.
Yesterday, Grayscale's ETF GBTC had a single-day net outflow of $158 million, with a historical net outflow of $20.484 billion. Grayscale's Bitcoin Mini Trust ETF BTC had a single-day net inflow of $4.205 million, with a historical total net inflow of $697 million. The Bitcoin spot ETF with the highest single-day net inflow yesterday was BlackRock's IBIT, which had a single-day net inflow of $268 million and has reached a historical total net inflow of $31.6 billion.
As at press time, the total asset value for Bitcoin spot ETFs is at about 1022.30 billion dollars; the ratio between their market cap and that of all Bitcoins in circulation is around 5.44%. The cumulative historic flow into these funds totals approximately 304.04 billion dollars.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: Sky's annualised net income hits record high of $274 million
Bitcoin rose more than 36% in November, the fourth best month since October 2021
Opinion: DOGE ETF Filing ‘Definitely’ Happening
ETH falls below $3,600, down 0.38% on the day