In brief
- The ARK 21Shares Bitcoin ETF (ARKB) recorded $275.2 million in outflows on October 16, its largest single-day exodus since August 1, when the fund shed $327.9 million.
- Bitcoin ETFs collectively bled $530.9 million Thursday, capping a brutal week that saw $858.7 million flee the products, with only Tuesday breaking the outflow streak.
- Analysts pointed to last Friday’s tariff-triggered $19 billion liquidation event and upcoming FOMC meeting as key factors driving defensive institutional positioning.
ARK 21Shares Bitcoin ETF (ARKB) recorded $275.2 million in outflows on Thursday, marking its steepest single-day capital flight since August 1, when the fund shed $327.9 million.
The withdrawal contributed to a brutal Thursday across Bitcoin ETFs, which collectively bled $530.9 million, according to Farside Investors data.
BlackRock’s IBIT lost $29.5 million, Fidelity’s FBTC dropped $132 million, and Grayscale’s GBTC shed $45 million, pointing to a broad institutional retreat from
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Author: Vismaya V
