ARK Invest 21Shares Bitcoin Spot ETF has seen higher outflows compared to Grayscale’s GBTC for the first time. Data from Farside Investors shows that ARK 21Shares ETF recorded outflows of nearly $88 million, surpassing GBTC’s outflows of $81 million, making them the only two ETFs to experience losses among the 11 analyzed.
This marked the largest outflow for ARK 21Shares ETF since its launch in January, with a loss of $300,000 on Monday, its first ever outflow. On the other hand, Grayscale’s Bitcoin Trust has been facing continuous outflows since March 15, with total outflows now exceeding $15 billion.
In terms of other ETFs, BlackRock’s IBIT saw the highest inflows, attracting an additional $150 million, followed by Fidelity’s FBTC with $44 million in inflows. Overall, there was a net inflow of $40 million for the day, a significant improvement from the net outflows of $80 million recorded on Monday.
Bitcoin prices have remained relatively stable over the past 24 hours, with a 0.55% decline. However, there was a sharp drop in the past week, with prices falling by over 5% and dropping below the $69,000 level.