US Bitcoin spot ETFs record largest outflow in 2 months at $707.3M

U.S. Bitcoin spot ETFs experienced a net outflow of $707.3 million on Jan. 21, marking the largest single-day withdrawal in two months and the third consecutive day of outflows, according to data compiled by TraderT. The outflows were primarily driven by BlackRock's IBIT (-$355.23 million) and Fidelity's FBTC (-$287.67 million). Other funds also saw outflows, including Ark Invest's ARKB (-$29.83 million), Bitwise's BITB (-$25.87 million), Grayscale's GBTC (-$11.25 million), and Valkyrie's BRRR (-$3.80 million). VanEck's HODL was the only fund to record a net inflow, adding $6.35 million.