Bitcoin Spot ETF Saw a Total Net Outflow of $272.02M Yesterday
Bitcoin faced fresh pressure as spot Bitcoin ETFs recorded a total net outflow of $272.02M yesterday. Despite this pullback, some Fan Tokens showed strength, with $OG, $SANTOS, and $PORTO all trading higher.
This mix of selling in Bitcoin funds and rising Fan Tokens shows how different parts of the crypto market can move in their own way.
Bitcoin Feels the Weight as Money Leaves Spot ETFs
Money moved out of Bitcoin spot ETFs during the day, ending with a combined net outflow of $272.02M. This shows that some large players chose to reduce their exposure, even as Bitcoin stayed active in the wider market.
BlackRock’s IBIT stood out on the positive side. The fund recorded a daily net inflow of $60.03M. Its total historical net inflow has now reached $62.16B, keeping it as the top choice among Bitcoin spot ETFs.
On the other hand, Fidelity’s FBTC saw the largest outflow. The fund posted a daily net outflow of $148.70M. Even with this drop, FBTC still holds a strong position, with a total historical net inflow of $11.28B.
As of the time of publication, the total net asset value of all Bitcoin spot ETFs stands at $97.01B. These funds now account for about 6.35% of Bitcoin’s total market value. The combined historical net inflow across all spot ETFs has climbed to $55.30B.
Fan Tokens Stay Green Despite Bitcoin ETF Outflows
While Bitcoin ETFs recorded a significant net outflows, Fan Tokens moved higher and drew fresh interest. The OG Fan Token ($OG) is trading at $3.91 today. It is up 14.83% in the last 24 hours and 8.16% over the past 7 days. Trading activity also jumped, with volume rising to $62,311,163, which is a 293.50% increase from the previous day.
The Santos FC Fan Token ($SANTOS) is also in the green. The token is priced at $2.10, showing a 3.00% gain in the last 24 hours. Its trading volume reached $3,378,711, up 14.10% from one day earlier.
The FC Porto Fan Token followed the same trend. $PORTO is trading at $1.10 today. The token is up 3.55% in the last 24 hours and has added 0.04% over the past 7 days. Trading volume stood at $1,849,528.
The price action across the market reflects a mixed mood. While Bitcoin is dealing with short term pressure from fund outflows, smaller tokens tied to sports teams are finding support and attention from traders looking for quick moves.
Fantoken Market Reporter