U.S. spot bitcoin ETFs recorded net outflows of approximately $231.1 million on Monday. BlackRock's iShares Bitcoin Trust ETF led the withdrawals with $300.4 million in outflows, partially offset by inflows of roughly $50 million into ARK 21Shares Bitcoin ETF and $35 million into Grayscale Bitcoin Trust ETF. The total net asset value of Bitcoin spot ETFs stands at $73.19 billion, with an ETF net asset ratio of 6.05% relative to the total Bitcoin market cap. Bitcoin hovered around $59,279 at press time, down nearly 20% over the past month, while investor sentiment was further dampened after Strategy said it could sell more than $1 billion worth of the cryptocurrency under a new monetization program.
BlackRock IncBlackRock's iShares Bitcoin Trust ETF saw $300.4M outflows, leading overall ETF net outflows.
MicroStrategy IncorporatedStrategy announced a new monetization program to sell over $1B in Bitcoin, dampening sentiment.