U.S. spot Bitcoin exchange-traded funds (ETFs) experienced a net outflow of approximately $101.4 million, reversing the positive trend seen just one day prior. The data, reported by TraderT, highlights a return to cautious sentiment among investors in the digital asset products.

Mixed Performance Across Major Funds

While the overall market saw withdrawals, performance varied significantly among the individual funds. BlackRock’s IBIT stood out by attracting $73.61 million in new capital, and Valkyrie’s BRRR recorded a smaller net inflow of $2.1 million.

However, these gains were overshadowed by significant outflows from other major players. Both Fidelity’s FBTC and Grayscale’s GBTC saw withdrawals of $56.6 million each. ARK Invest’s ARKB experienced a $53.9 million outflow, while Bitwise’s BITB lost $10 million. The remaining spot Bitcoin ETF products reported no net change in flows for the day.