PiCK
US Spot-Bitcoin ETFs See $483.76 Million of Net Outflows, Extending Streak to 11 Days
Suehyeon Lee
Forecast Trend Report by Period
US spot-Bitcoin exchange-traded funds continued to post heavy withdrawals.
Data compiled by Trader T showed the funds recorded combined net outflows of $483.76 million on June 1, extending their streak of net withdrawals to 11 straight trading days.
BlackRock's IBIT led the outflows, with $440.29 million leaving the fund in a single day.
Fidelity's FBTC posted net outflows of $37.29 million, while Ark Invest's ARKB recorded net outflows of $12.32 million.
By contrast, Morgan Stanley's MSBT saw net inflows of $6.14 million. The remaining products were flat on the day.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
