Bitcoin spot ETF saw a significant net outflow of $350 million yesterday, with Fidelity leading the decline

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【CoinPush】The spot Bitcoin ETF market experienced a significant correction yesterday. Overall data shows that the net outflow of Bitcoin spot ETFs reached $351.69 million, with Fidelity’s FBTC performing the weakest, with a single-day outflow of $230.12 million, accounting for nearly 70%.

In addition to Fidelity’s large outflows, other major mainstream products also faced capital outflows. Bitwise’s BITB saw an outflow of $44.32 million, Ark Invest’s ARKB outflow of $34.49 million, VanEck’s HODL outflow of $21.25 million, and Grayscale’s GBTC also saw an outflow of $27.51 million. This widespread withdrawal of funds indicates a shift in market sentiment.

However, not all products are negative. Valkyrie’s BRRR product recorded a net inflow of $6 million against the trend, showing that some funds are still accumulating at low levels. Notably, products like BlackRock’s IBIT, Invesco’s BTCO, Franklin’s EZBC, WisdomTree’s BTCW, and Grayscale’s Mini BTC experienced no significant capital movement during the same period, remaining stable.

BTC-0.69%
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NFTArtisanHQvip
· 12-19 04:18
ngl the fidelity hemorrhage is honestly fascinating from a tokenomics perspective... like watching a proof of creative destruction play out in real time? makes u wonder if the aesthetic value proposition of spot btc etfs is finally collapsing under its own mechanical reproduction logic
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BlockchainArchaeologistvip
· 12-16 09:34
Fidelity is directly bleeding this time, losing over 2 billion in a day.
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ContractSurrendervip
· 12-16 05:08
Fidelity's move this time is really aggressive, releasing 230 million in one day, accounting for 70%, and other firms are suffering as well.
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ChainSherlockGirlvip
· 12-16 05:06
Is Fidelity about to run away? 230 million disappeared in a day. How many big investors would need to sell off simultaneously to be so coordinated... Based on my analysis, the wallet address on-chain data should be able to tell a story.
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GateUser-75ee51e7vip
· 12-16 05:04
Is Fidelity really moving 230 million in one day? How desperate must they be?
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MidnightTradervip
· 12-16 04:47
Fidelity's recent move to run away directly, how much did FBTC lose...
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