Spot Bitcoin ETFs Record $291 Million in Net Outflows on April 13
U.S. spot Bitcoin ETFs saw $291 million in total net outflows on April 13, as BlackRock’s IBIT attracted fresh capital while Fidelity’s FBTC led withdrawals, according to SoSoValue.
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Fact Check
The main evidentiary signal is that the Odaily item traces to a SoSoValue URL, which suggests the claim may have been intended to rely on SoSoValue data. However, the traced URL is https://sosovalue.com/etf/us-xrp, which does not match the statement about U.S. spot Bitcoin ETFs, and it could not be fetched for confirmation. The provided PANews, BlockBeats, and X links all failed to fetch, preventing content validation. Additional web and X searches did not return a directly matching authoritative record confirming that U.S. spot Bitcoin ETFs had exactly $291 million in net outflows on April 13 with IBIT inflows and FBTC leading outflows. Because corroboration was attempted but did not produce a usable primary source, the claim cannot be reliably confirmed or refuted from the available evidence in this run.
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Summary
U.S. spot Bitcoin ETFs posted $291 million in total net outflows on April 13, according to SoSoValue. BlackRock’s IBIT led the day’s inflows with $34.7 million, while Fidelity’s FBTC recorded the largest outflow at $229 million. Total net assets across U.S. spot Bitcoin ETFs stood at $94.51 billion.
Terms & Concepts
- Spot Bitcoin ETF: An exchange-traded fund that holds Bitcoin directly or tracks its spot price, allowing investors to gain regulated exposure without holding the asset themselves.
- Net outflows: The net amount of money leaving an investment product after accounting for inflows, often used to measure declining investor allocations.
- IBIT: BlackRock’s iShares Bitcoin Trust, a U.S. spot Bitcoin ETF that provides market exposure to Bitcoin through a regulated fund structure.