Bitcoin spot ETF shows net outflows for seven consecutive days, while BlackRock IBIT fund sets a new

According to SoSoValue statistics, US Bitcoin spot exchange traded funds (ETFs) recorded a net outflow of $754.5 million on Wednesday, showing a net outflow for seven consecutive trading days. Among them, BlackRock's IBIT fund set a new high for daily net outflows, with a total of $418 million.

The second highest net outflow amount is the Fbtc fund issued by Fidelity, with an amount of approximately $145.6 million. Next is the ARKB fund jointly issued by Ark Investment and 21Shares, with an amount of approximately $60.46 million. Yesterday, no Bitcoin ETF showed a net inflow.

Bitcoin has been continuously declining this week, hitting $82000 at one point yesterday and rebounding to $86420 before the deadline for trading. During this period, 12 US Bitcoin spot ETFs hit a new high of $1.14 billion in daily net outflows on Tuesday.

In addition, the US Ethereum spot ETF recorded a net outflow of $94.27 million on Wednesday. Although the total outflow of funds was not particularly high, it experienced consecutive days of outflow similar to the Bitcoin ETF.