PiCK
US Spot-Bitcoin ETFs See $519.19 Million in Net Outflows, Extending Streak to 12 Days
Doohyun Hwang
Summary
- The US spot-Bitcoin ETF market recorded net outflows for a 12th straight trading day.
- Total net outflows of $519.19 million were recorded in the spot-Bitcoin ETF market that day.
- Major ETFs including BlackRock's IBIT saw heavy net fund outflows, while Morgan Stanley's MSBT was the only fund to post net inflows of $14.77 million.
Forecast Trend Report by Period
US spot-Bitcoin ETFs posted net outflows for a 12th consecutive trading day as investors pulled large sums from the funds.
Data from SoSoValue showed total net outflows of $519.19 million from US spot-Bitcoin ETFs on June 2.
BlackRock's IBIT led the withdrawals with net outflows of $308.64 million. Grayscale's GBTC posted net outflows of $83.51 million, while Fidelity's FBTC saw $45.14 million leave and Ark 21Shares' ARKB recorded net outflows of $16.67 million.
Morgan Stanley's MSBT was the only fund to record net inflows, taking in $14.77 million. Most other ETF products, including Bitwise's BITB, VanEck's HODL and Invesco's BTCO, recorded no net flows.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀
