Fidelity’s FBTC sheds $152.73 million as spot bitcoin ETFs swing to outflows

U.S. spot bitcoin ETFs swung to a daily net outflow of $261.46 million, led by $152.73 million leaving Fidelity’s FBTC.

The U.S. spot bitcoin ETF market returned to net outflows after one day of net inflows.

According to SoSoValue, the funds recorded a combined net outflow of $261.46 million on Oct. 14.

The reversal followed a $175.62 million net inflow on Oct. 13. Cumulative net inflows stood at $56.96 billion.

Among the 12 ETFs, Bitwise’s BITB was the only fund to attract capital, with a net inflow of $2.22 million.

Fidelity’s FBTC posted a $152.73 million net outflow, while BlackRock’s IBIT lost $110.94 million. The outflow from FBTC alone exceeded the market’s total inflow.

This article is based on market data and does not constitute investment advice.