A total net outflow of 745.7 billion won was recorded on the 4th
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According to data from Factside Investor, a financial data platform, on the 5th, the total net outflow of 11 BTC spot ETFs in the United States was about $541.11 million (about 745.7 billion won). The day with the highest net outflow since the launch of the BTC spot ETF in the United States in January this year was May 1, with a net outflow of about $564.77 million (about 777.68 billion won).
On the 4th, all BTC spot ETFs in the United States, except for BlackRock's 'IBIT', recorded net outflows or 'zero net inflows'.
The net outflow on the 4th was led by Fidelity's 'FBTC' and ARK Investment's 'ARKB'. FBTC and ARKB recorded net outflows of about $169.6 million and $138.3 million, respectively.
BTC spot ETFs in the United States have shown very high volatility, recording the second-highest net inflow last week and the highest net outflow this week. Both inside and outside the market, it is interpreted that the high volatility of BTC spot ETFs in the United States is directly affecting the recent high price volatility of BTC.
The record-breaking net outflow of BTC spot ETFs in the United States also affected the sharp drop in BTC. BTC fell by about 2% on the 4th, touching the $66,000 level.
BTC rebounded on the 5th, recording around $68,765 as of 3 pm on the 5th based on CoinMarketCap.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
