Cathie Wood’s ARK21 stock Bitcoin ETF surpasses Grayscale’s GBTC in fund outflows for the first time.

Cathy Wood’s The ARK 21 stock Bitcoin exchange-traded fund (ETF) has recorded larger daily outflows than Grayscale’s Bitcoin Trust (GBTC) for the first time since the spot Bitcoin ETF was approved in January.

According to the ARK21 stock Bitcoin ​​ETF (ARKB), there was an outflow of $87.5 million on April 2nd. data From Farside Investors. GBTC, which has consistently recorded large outflows since converting to a spot ETF in January, suffered a loss of $81.9 million on this day.

ARK21 Shares Bitcoin ETF Leak Record for Two Consecutive Days

ARKB recorded two consecutive days of outflows, following its first ever outflow of $300,000 on April 1st.

Nonetheless, ARKB remains the third-largest Bitcoin ETF among the 10 newly launched funds, excluding GBTC, with $2.2 billion in assets under management (AUM).

ARKB also holds a total of 44,662 BTC on its books, making it the sixth-largest Bitcoin holder among corporations, funds and miners, according to data from HODL15Capital.

Updated company holdings 👇 added $GBTC and @Tether_to $FBTC $ARKB $BITB $MARA $TSLA $COIN $HUT $RIOT $SQ pic.twitter.com/9qci0DS9l3

— HODL15Capital 🇺🇸 (@HODL15Capital) April 3, 2024

Leading the way are ETFs from BlackRock and Fidelity, with AUM of $14.1 billion and $7.6 billion, respectively. An additional $150.5 million was committed. Black Rocks On April 2nd, spot Bitcoin ETFs via IBIT were able to record a total net inflow of $40.3 million despite outflows from both ARKB and GBTC.

GBTC maintained its first place.

With an average daily outflow of $254 million over the past five trading days, GBTC’s $81.9 million outflow on April 2 was below average. Overall, funds have lost a total of about $15.1 billion over the past three months as investors move to look for Bitcoin ETFs. low fees

GBTC is the largest holder of BTC, holding approximately 329.27k Bitcoins. books. This is after losing a whopping 291,000 BTC.

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