Ark Invest's 21Shares ARKB fund had a daily net outflow of $87.5 million, the largest outflow since its establishment. This surpassed Grayscale's GBTC outflow of $81.9 million on the same day. Despite this, ARKB has had a net inflow of $2.2 billion until now.

Performance of Other ETFs and Bitcoin Price

BlackRock's IBIT experienced the highest net inflow of $150.5 million, while Fidelity's fund saw an increase of $44.8 million. VanEck and Bitwise's spot ETFs had inflows ranging from three to five million dollars. In total, the 11 U.S. spot Bitcoin ETFs observed a combined net inflow of about $39.47 million.

These movements coincided with a decline in Bitcoin's price, reaching $65,881 at 11:30 p.m. EST on Tuesday, a 1.4% decrease in the last 24 hours and falling over 6.6% in the past seven days.

Bitcoin Halving and Market Predictions

An upcoming Bitcoin halving event is expected to take place later this month. Historically, these events have led to bearish market conditions followed by bullish cycles. Mark Yusko, CEO of Morgan Creek Capital Management, has suggested that the halving may generate significant interest in Bitcoin, possibly driving its value up to $150,000 by the end of the year.

In the meantime, the GMCI 30 Index, representing the top 30 cryptocurrencies, fell by 1.2% in the last 24 hours.