Investors Pull Another $51.5 Million from US Spot ETFs

Investors Pull Another $51.5 Million from US Spot ETFs

Net withdrawals from spot bitcoin exchange-traded funds in the US were over $51.5 million.
(Photo : by Michael M. Santiago/Getty Images)
  • Net withdrawals from spot bitcoin exchange-traded funds in the US surpassed $51.5 million, with notable outflows from ARK 21Shares Bitcoin ETF and Grayscale Bitcoin Trust.
  • Despite these outflows, several U.S. spot bitcoin ETFs saw net inflows, including Bitwise Bitcoin ETF, Valkyrie Bitcoin Fund, and Franklin Bitcoin ETF.
  • Overall, U.S. spot bitcoin ETFs have attracted approximately $12 billion in net inflows since their regulatory approval and listing, although volumes have been decreasing since reaching a peak on March.

Net withdrawals from spot bitcoin exchange-traded funds in the US were over $51.5 million.

Interestingly, the largest perpetrator was not the Grayscale Bitcoin Trust. According to statistics from SoSoValue, on April 29, $31.34 million left the ARK 21Shares Bitcoin ETF, while GBTC had net withdrawals of $24.66 million. Additionally, there was a $6.85 million net outflow from the Fidelity Wise Origin Bitcoin Fund.

Bitcoin ETFs on the Ropes

There were net inflows into several U.S. spot bitcoin ETFs. With a net inflow of $6.84 million, the Bitwise Bitcoin ETF saw the largest gain, followed by the Valkyrie Bitcoin Fund and Franklin Bitcoin ETF with $2.67 million and $1.82 million, respectively.

The net inflows for the other spot bitcoin ETFs, such as BlackRock's iShares Bitcoin Trust, were zero dollars.

Spot bitcoin ETFs have seen a total net inflow of about $12 billion in the U.S. since receiving regulatory permission and listing.

But after reaching a peak on March 5, volumes have been progressively falling.

Read also:Trading Bitcoin Without the Hassle? ETFs Offer Easy Access, But Watch Out for Costs

Six bitcoin and ETFs are listed on the Hong Kong Stock Exchange

The industry's focus has shifted recently from U.S.-listed spot bitcoin ETFs to the six spot bitcoin and ether ETFs that made their debut on the Hong Kong Stock Exchange. The Bosera HashKey Bitcoin ETF (3008.HK), Bosera HashKey Ether ETF (3009.HK), ChinaAMC Bitcoin ETF (3042.HK), ChinaAMC Ether ETF (3046.HK), Harvest Bitcoin Spot ETF (3439.HK), and Harvest Ether Spot ETF (3179.HK) were listed earlier today by Hong Kong Exchanges and Clearing Ltd., also known as HKEX.

Related article:Gear Up for Bitcoin Halving: MicroStrategy Stock & 3 Hot Picks

The content provided on is for informational purposes only and is not intended as financial advice. Please consult with a professional financial advisor before making any investment decisions.

Real Time Analytics