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      Three Consecutive Weeks of Net Inflows Come to an End, Bitcoin Spot ETFs See $681 Million in Net Outflows Last Week

      PANews, October 12 - According to SoSoValue data, during last week's trading days (October 5 to October 9, US Eastern Time), Bitcoin spot ETFs saw net outflows of $681 million.

      The Bitcoin spot ETF with the largest net outflows last week was Fidelity's ETF FBTC, with weekly net outflows of $380 million; FBTC's cumulative total net inflows now stand at $10.52 billion. It was followed by the Ark & 21 Shares ETF ARKB, with weekly net outflows of $207 million; ARKB's cumulative total net inflows now stand at $1.19 billion.

      The Bitcoin spot ETF with the largest net inflows last week was Morgan Stanley's ETF MSBT, with weekly net inflows of $7.8413 million; MSBT's cumulative total net inflows now stand at $762 million.

      As of press time, the total net asset value of Bitcoin spot ETFs was $105.84 billion, with the ETF net asset ratio (market capitalization as a percentage of Bitcoin's total market capitalization) reaching 6.38%, and cumulative net inflows have reached $57.11 billion.


      Source: PANews
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