Ark Invest’s spot bitcoin ETF sees daily net outflow of $87 million

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Ark Invest’s ARKB spot bitcoin ETF sees a net outflow of $87.5 million, surpassing that of Grayscale's ETF.

Ark Invest 21Shares’ ARKB fund saw net outflows of $87.5 million on Tuesday, the highest since its debut, according to data from SoSoValue.

BlackRock’s IBIT logged the highest net inflow of $150.5 million, followed by Fidelity’s fund which added $44.8 million to its fund. Spot ETFs from VanEck and Bitwise saw inflows in the range of three to five million dollars. Bitcoin halving is expected to take place later this month, which has been a bearish event historically but was followed by a long-term bullish cycle, Justin d'Anethan, head of APAC business development at Keyrock, told The Block on Monday.

 

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