Odaily News According to data from The Block, after experiencing eight consecutive trading days of net outflows, the U.S. spot Bitcoin ETF recorded a net inflow of US$94 million for the first time last Friday.
Net inflows came primarily from Ark and 21Shares' ARKB fund ($194 million) and Fidelity's FBTC fund ($176 million). However, those gains were offset by continued outflows from BlackRock's IBIT fund, which saw $244.5 million of outflows on Friday, bringing its total outflows for the week to $1.175 billion.
Geoffrey Kendrick, global head of digital asset research at Standard Chartered Bank, said last week: "While Bitcoin has performed relatively well in the digital asset space, it is now caught up in a sell-off driven by the Solana meme coin and broader risk aversion in the market." (The Block)