Cathie Wood’s ARK Bitcoin ETF has record $87M outflow, surpassing GBTC
Today marked the second consecutive day of outflows from ARK 21Shares’ spot Bitcoin ETF.
Cathie Wood's ARK 21Shares Bitcoin (BTC) exchange-traded fund (ETF) has notched more than $87 million in daily outflows, marking the first time the fund has witnessed a larger daily outflow than Grayscale’s Bitcoin Trust (GBTC) since the launch of spot Bitcoin ETFs in the United States.
The outflow from Ark 21Shares fu (ARKB) was $87.5 million on April 2 — roughly 1,300 BTC — according to preliminary data from Farside Investors.
Today marked the second consecutive day of outflows for ARKB which lost $300,000 in assets on its first-ever day of outflows on April 1.
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