Net outflow turns into net outflow after 9 days… Net outflow amount recorded at approximately 320.2 billion won
ETH Spot ETF also sees net outflow of 64.1 billion won due to fears of war in the Middle East
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According to data from financial data platform Farside Investor, about $242.6 million (about 320.2 billion won) of funds flowed out of Bitcoin spot ETFs in the United States on the 1st (local time). This is the first net outflow in nine days after Bitcoin spot ETFs in the United States recorded net inflows for eight consecutive days.
The main reason for the net outflow of Bitcoin spot ETFs in the US is the tension over the heightened armed conflict in the Middle East. Following Iran's large-scale ballistic missile attack on Israel on the 1st, Israel threatened retaliation against Iran, and the tension that a large-scale war in the Middle East is imminent has hit the asset market.
The largest outflow was from Fidelity’s ‘FBTC’, which recorded a net outflow of about $144.7 million. Following FBTC, there was a net outflow of about $84.3 million from Ark Investment’s ‘ARKB’, and about $32.7 million and $15.8 million from Bitwise’s VanEck Bitcoin Spot ETF, respectively.
Despite international tensions starting in the Middle East, BlackRock's 'IBIT' alone recorded a net inflow of about $40.8 million.
Meanwhile, due to international sentiment tensions, Ethereum (ETH) spot ETFs also suffered from extreme net outflows. On the 1st, the total net outflow of nine Ethereum spot ETFs in the U.S. was approximately $48.6 million (KRW 64.1 billion).
Reporter Kwon Seung-won ksw@
