On Thursday, ARKB, Ark Invest’s Bitcoin exchange-traded fund (ETF), experienced a substantial outflow of $100 million, its largest single-day decrease since its launch in January, according to SosoValue data. Interestingly, while ARKB saw negative flow, US spot ETFs collectively experienced their 13th consecutive day of net inflows, amounting to $48.71 million, indicating mixed market sentiment.

For context, Fidelity’s FBTC led with $119 million in net inflows, while Bitwise’s BITB added $26 million, and BlackRock’s IBIT and the Invesco and Galaxy Digital Bitcoin ETF both saw $2 million in net inflows. However, Grayscale’s GBTC recorded zero flows, despite being the second largest Bitcoin ETF by net assets.

The significant movement in ARKB and other ETFs is likely driven by investor uncertainty, heightened by anticipation of key economic reports and potential changes in Federal Reserve policies. Crypto analyst Rachael Lucas suggests that investor concern over the Fed’s stance on interest rates could impact demand for riskier assets like Bitcoin and related ETFs.

The US spot Bitcoin ETF landscape remains volatile, with over $2 billion in net inflows over the past 13 days, marking the second-longest streak of positive inflows since January. However, overall flow volumes remain below peak levels seen in March, underscoring the crypto market's volatility and sensitivity to economic indicators and central bank policies. As investors await upcoming US inflation and personal spending reports, ETF flows are expected to continue fluctuating.