Fidelity, ARK, and Grayscale Bitcoin Funds See Over $200M in Net Outflows

Institutional Bitcoin ETFs Experience Heavy Single-Day WithdrawalsAccording to BlockBeats, citing data from Farside Investors, three major U.S. Bitcoin funds — Fidelity’s FBTC, ARK’s ARKB, and Grayscale’s GBTC — recorded a combined net outflow of $236.8 million on May 24.The largest withdrawal came from Grayscale’s GBTC, which posted a $89.2 million net outflow. ARKB, ARK Invest’s Bitcoin ETF, saw $73.9 million in outflows, while Fidelity’s FBTC followed closely with $73.7 million.Breakdown of May 24 Bitcoin ETF OutflowsFundNet Outflow (USD)Grayscale GBTC$89.2 millionARK ARKB$73.9 millionFidelity FBTC$73.7 millionTotal$236.8 million