Bitcoin ETFs Hit Hard with $288M Outflows, Largest Daily Outflow in Four Months

U.S.-listed spot Bitcoin (BTC) exchange-traded funds (ETFs) faced a challenging day on Monday as growth concerns and a sell-off in Nvidia (NVDA) dampened market sentiment.

The 11 spot Bitcoin ETFs experienced a combined net outflow of $287.8 million on Tuesday, marking the largest single-day outflow since May 1, when over $500 million was withdrawn, according to Farside Investors.

Fidelity's FBTC led the spot Bitcoin ETFs outflows with $162.3 million in withdrawals, followed by Grayscale's GBTC with $50.4 million. BITB and ARK saw outflows of $25 million and $33.6 million, respectively, with the remainder of the outflows spread across other funds. BlackRock's IBIT saw no movement for the second consecutive trading day.