Bitcoin exchange-traded funds in the U.S. saw over $226 million in net outflows on Thursday, marking the third consecutive day of outflows and reflecting a similar trend seen at the end of April.

According to preliminary data from SoSoValue, Fidelity's FBTC had the largest outflow at $106 million. Grayscale's GBTC followed with $62 million, and Ark Invest's ARKB saw a withdrawal of $53 million.

Only BlackRock’s IBIT had a net inflow of $18 million. Valkyrie, Franklin Templeton, Hashdex, and WisdomTree ETFs did not experience any inflow or outflow activity.

This week, only Wednesday saw a net inflow of $100 million into U.S.-listed products amid overall volatility in the bitcoin and broader crypto market. This coincided with key events like the U.S. inflation report and Federal Reserve meeting.

Within three days, withdrawals from the exchange-traded funds totaled $564 million, half of the $1.2 billion withdrawn over six days at the end of April.

Lower-than-expected U.S. inflation briefly drove bitcoin prices up to $70,000 from $68,000, before falling back to under $67,000 as traders took profits.

U.S. inflation came in lower-than-expected, briefly boosting bitcoin prices to $70,000 from $68,000 before tumbling back under $67,000 as traders likely took profits on the move.

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