Meanwhile every other fund in the category, including the Fidelity Wise Origin Bitcoin Fund (FBTC), ARK 21Shares Bitcoin ETF (ARKB), Bitwise Bitcoin ETF (BITB), and Grayscale's Bitcoin Trust (GBTC) and Bitcoin Mini Trust ETF (BTC), saw a combined outflow of $530 million.
At the time of writing, the Bitcoin price appears to have been rangebound and has been trading sideways since rising as high as $93,477.11 on Wednesday—the first time it's ever risen above $93,000.
But then it's been stuck trading at or slightly below $90,000 since then. In fact, when the Bitcoin price sank after meeting resistance yesterday, it led to the liquidation of $444 million worth of derivatives contracts that were betting on BTC climbing higher.