Odaily Planet Daily report: U.S. spot Bitcoin ETFs recorded a net outflow of $635.6 million on Thursday, the largest single-day net outflow since June. Among them, BlackRock’s IBIT saw a net outflow of $254.1 million, Fidelity’s FBTC a net outflow of $217.5 million, and Ark Invest and 21Shares’ ARKB a net outflow of $109.4 million. In contrast, Morgan Stanley’s MSBT experienced a net inflow of $2.3 million, marking the only day since its launch in April this year that the fund did not record a net outflow.
Despite significant outflows on Thursday, U.S. spot Bitcoin ETFs recorded a net inflow of $442.7 million for the week. Since their launch in January 2024, these ETFs have accumulated net inflows exceeding $57 billion, with assets under management surpassing $100 billion. Meanwhile, U.S. spot Ethereum ETFs saw a net outflow of $110.6 million on Thursday, with funds also flowing out of Solana and Hyperliquid ETFs, while the XRP ETF recorded a net inflow of $3.6 million.
On the market front, Bitcoin fell to around $81,500 on Friday, recording a 3.4% decline over the past 24 hours. Selling pressure in U.S. tech stocks spread to Asian markets, compounded by concerns over AI spending and geopolitical tensions, weighing on crypto market performance. Over the past 24 hours, at least $440 million in leveraged crypto positions were liquidated, with long positions accounting for approximately $397 million. Jeff Anderson, Head of STS Digital’s U.S. region, noted that the market has recently remained range-bound between $80,000 and $86,000, and the next key focus will be the direction of any breakout from this range. (The Block)