The largest outflows were reported by ARKB, the bitcoin ETF from Ark Invest and 21Shares, which recorded $54.03 million in net outflows, according to data from SoSoValue.
The U.S. spot Bitcoin exchange-traded funds (ETFs) saw net outflows totaling $43.97 million on Wednesday, halting a two-day streak of positive inflows.
However, several other funds, including BlackRock’s IBIT, posted zero flows.
In contrast, Fidelity’s FBTC led the inflow chart with $12.57 million in net inflows for the day, and Invesco’s BTCO attracted $2.59 million.
Grayscale’s GBTC also faced losses, with net outflows of $4.59 million, while its Bitcoin Mini Trust saw approximately $511,230 in outflows.