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Cathie Wood’s ARK 21Shares Bitcoin exchange-traded fund recorded net outflows exceeding $87 million on Tuesday, marking the highest outflow since its inception, as per data from Farside Investors.
The outflows exceeded the amount seen from Grayscale’s GBTC, which recorded $81.9 million in outflows on the same day.amounted to $87.5 million, equivalent to roughly 1,300 BTC. This marked the second consecutive day of outflows for ARKB, with $300,000 on April 1, its first-ever day of being net negative.outflows since converting to a spot Bitcoin ETF, also recorded another negative day.
Over the past three months, the ETF has experienced a total outflow of around $15.1 billion. Despite this, GBTC remains the largest holder of Bitcoin among all funds, corporations, and miners, with approximately 329,000 BTC held. Despite the recent consecutive outflows, ARKB remains the third-largest among the ten newly launched spot ETFs, excluding Grayscale, with $2.2 billion in assets under management . Additionally, ARKB ranks sixth in Bitcoin holdings among funds, corporations, and miners, currently holding 44,662 BTC.net inflow of $150.5 million, followed by Fidelity’s fund, which added $44.8 million. VanEck and Bitwise’s spot Bitcoin ETFs also experienced inflows ranging from three to five million dollars each.
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