US Bitcoin ETFs see $400M net outflow for 3rd straight day

U.S. Bitcoin spot ETFs recorded a total net outflow of $400 million on Jan. 8, marking the third consecutive day of net outflows, according to data compiled by Trader T. The outflows were led by BlackRock's IBIT (-$194.64 million), Fidelity's FBTC (-$120.52 million), and Grayscale's GBTC (-$73.09 million). Ark Invest's ARKB and Grayscale's Mini BTC also saw outflows of $9.63 million and $7.24 million, respectively. Meanwhile, Bitwise's BITB and WisdomTree's BTCW registered small inflows of $2.96 million and $1.92 million.