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Post: Spot Bitcoin ETF of ARK 21Shares Records Significant Outflows

Spot Bitcoin ETF of ARK 21Shares Records Significant Outflows

Key Points:

  • ARK 21Shares’ spot Bitcoin ETF experienced over $87 million in daily outflows, surpassing Grayscale’s Bitcoin Trust.
  • April 2 saw an outflow of $87.5 million from ARK 21Shares, equivalent to around 1,300 BTC.
  • ARKB faced a loss of $300,000 in assets on April 1, marking the first day of outflows.

1. ARK 21Shares’ Record Outflows:

ARK 21Shares’ Bitcoin ETF encountered significant daily outflows exceeding $87 million, surpassing Grayscale’s Bitcoin Trust for the first time since the launch of spot Bitcoin ETFs in the U.S. This departure amounted to around 1,300 BTC on April 2.

2. Consecutive Days of Outflows:

The trend continued with ARK 21Shares as it witnessed a second straight day of outflows. The fund faced a substantial loss of $300,000 in assets on April 1, marking its first day of outflows.

Hot Take:

ARKB’s consecutive days of outflows could indicate shifting investor sentiment or strategic portfolio adjustments amidst volatility in the cryptocurrency market. Observing these movements can provide valuable insights into market dynamics and investor behavior.

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