Bitcoin exchange-traded funds (ETFs) are experiencing outflows for the first time in 7 days.

Reports today, Wednesday, indicated that Bitcoin exchange-traded funds (ETFs) in the U.S. recorded negative daily flows after seven consecutive days of positive net flows, with total net outflows amounting to $79.09 million on October 22.

The reports clarified that these outflows were mainly due to the ARKB fund, which recorded outflows of $134.74 million. In contrast, the largest fund, BlackRock's IBIT, saw net inflows of $42.98 million.

Additionally, both Fidelity's FBTC fund and VanEck's HODL fund recorded inflows of $8.85 million and $3.82 million, respectively. Meanwhile, the remaining eight funds did not register any flows.

As a result of these outflows, the cumulative net inflows for the 12 ETFs decreased to $21.15 billion as of October 22. The total daily trading volume for these funds also dropped from $1.76 billion to $1.4 billion.

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