The US spot Bitcoin ETF market posted net outflows of $34.4 million yesterday, indicating a slower pace compared to the previous day's record outflows.
According to SoSoValue data, Grayscale's GBTC alone experienced net outflows of $55 million, while ARK Invest's ARKB led daily net inflows with $13 million.
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Spot Bitcoin ETFs from Franklin Templeton, Valkyrie, Invesco and Galaxy Digital saw smaller net inflows, totaling a combined $6 million.
On the other hand, Bitcoin funds from BlackRock and Fidelity, which rank second and third in terms of total net assets, recorded no flows on Thursday.