Bitcoin News on Nostr: US spot Bitcoin ETFs saw $581 million in weekly outflows amid 'more ...

US spot Bitcoin ETFs saw $581 million in weekly outflows amid 'more hawkish-than-expected' FOMC meeting: CoinSharesU.S. spot Bitcoin BTC -0.98% exchange-traded funds witnessed a combined $580.6 million in net outflows last week for the first time in five weeks. Grayscale’s converted GBTC ETF led the outflows with $274.3 million exiting the higher-fee fund, followed by Ark Invest’s ARKB and Fidelity’s FBTC, which registered $149.7 million and $146.3 million in net outflows, respectively.BlackRock’s IBIT was the only fund to generate net inflows last week, attracting $41.6 million, while the remaining U.S. spot Bitcoin ETFs witnessed net outflows of zero flows for the week. Total net inflows into the ETFs since trading began in January now stand at $15.1 billion.