PiCK
US Spot-Bitcoin ETFs See $396.6 Million in Net Outflows, Stretch Streak to 13 Sessions
Suehyeon Lee
Summary
- Money continued to leave US spot Bitcoin (BTC) exchange-traded funds (ETFs).
- US spot-Bitcoin ETFs recorded total net outflows of $396.6 million.
- Spot-Bitcoin ETFs logged 13 consecutive trading sessions of net outflows, bringing cumulative withdrawals to $4.37 billion.
Forecast Trend Report by Period
US spot-Bitcoin exchange-traded funds continued to post outflows.
The funds recorded total net outflows of $396.6 million on June 3, according to Trader T.
That extended the streak of net outflows to 13 consecutive trading sessions. Cumulative net outflows over that period reached $4.37 billion.
The withdrawals were concentrated in BlackRock's IBIT and Fidelity's FBTC. IBIT posted net outflows of $342.34 million, while FBTC saw $54.26 million leave the fund. The remaining products recorded no net flows.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
