According to preliminary statistics from Farside Investors, the total net outflow of funds from US Bitcoin spot exchange traded funds (ETFs) yesterday (23rd) was approximately $78 million, ending a 12 day trend of net inflows.

The Bitcoin spot ETF with the highest net outflow amount yesterday was BITB issued by Bitwise, with an amount of $70.3 million, followed by ARKB launched by Ark Invest in partnership with 21Shares, with an amount of $52.3 million. GBTC issued by Grayscale experienced a net outflow of $27.3 million.

The IBIT issued by BlackRock was the only Bitcoin spot ETF to show a net inflow yesterday, with an amount of $71.9 million.