On Thursday, U.S. spot bitcoin exchange-traded funds (ETFs) experienced their first net outflows in ten days. JPMorgan reported that these ETFs witnessed $358 million in redemptions. However, BlackRock’s iShares Bitcoin Trust (IBIT) was a notable exception, attracting a net inflow of $125 million during this period.

In comparison, Fidelity’s FBTC saw significant outflows, totaling $166 million, followed closely by the Grayscale Bitcoin Trust with -$107 million, ARK 21Shares Bitcoin ETF at -$89 million, and Bitwise Bitcoin ETF at -$71 million.

Despite this downturn, trading activity remained high as bitcoin’s price dipped 1.1%, yet trading volumes reached $5.39 billion, significantly higher than the average of $2.81 billion over the past 20 days. At the time of reporting, Bitcoin’s price was around $105,656.