IBIT shed $342 million and Fidelity's FBTC lost $54.2553 million as US-listed spot Bitcoin ETFs posted a 13th straight daily outflow, bringing the streak to about $4.4 billion.
US-listed spot Bitcoin ETFs recorded $397 million in net outflows on Wednesday, extending their withdrawal streak to 13 trading days and roughly $4.4 billion. BlackRock's IBIT accounted for the largest single-day outflow at $342 million, followed by Fidelity's FBTC at $54.2553 million. Despite the latest redemptions, SoSoValue data showed total net assets across the products at $82.832 billion, an ETF net asset ratio of 6.36%, and cumulative net inflows of $54.263 billion at press time. Bitcoin was trading about 21% below its May 15 level, underscoring the pressure on crypto investment products.