Bitcoin ETFs saw outflows of $226 million, led by Fidelity's FBTC

The U.S.-listed Bitcoin ETF saw net outflows of more than $226 million on Thursday, marking the third straight day of outflows this week and echoing a wave of outflows in late April.

Fidelity's FBTC recorded the highest outflow at $106 million, according to preliminary data from SoSoValue. Grayscale's GBTC recorded an outflow of $62 million, while Ark Invest's ARKB also had $53 million withdrawn.

Only BlackRock's IBIT recorded net inflows, with an increase of $18 million. The ETFs offered by Valkyrie, Franklin Templeton, Hashdex and WisdomTree show no inflow or outflow activity.

Wednesday was the only day this week to record net inflows, with these U.S.-listed products adding $100 million for the day. This activity comes in the midst of a generally volatile week for Bitcoin and the broader crypto market, particularly Wednesday's key U.S. inflation report and Federal Reserve meeting.

These outflows brought the total net amount withdrawn in the three-day period to $564 million. That's about half of the $1.2 billion withdrawn in six days at the end of April.

Lower than expected U.S. inflation data sent the bitcoin price briefly soaring from $68,000 to $70,000, only to fall back below $67,000 amid possible profit-taking by traders.