Loading IndicatorLoading Indicator

PiCK

US Spot-Bitcoin ETFs See $82.2 Million of Net Outflows as Sentiment Cools

Source
YM Lee
Photo: Trader T
Photo: Trader T

US spot-Bitcoin exchange-traded funds recorded net outflows of $82.17 million in one day.

Data from Trader T showed on June 18 that US spot-Bitcoin ETFs posted combined net outflows of $82.17 million on June 17.

The largest outflow came from ARKB, the fund from Ark Invest and 21Shares, which saw $43.53 million leave the product.

BlackRock's IBIT posted net outflows of $30.77 million, while Grayscale's GBTC saw $15.46 million exit. Invesco's BTCO and VanEck's HODL also recorded outflows of $6.39 million and $4.11 million, respectively.

By contrast, Fidelity's FBTC drew net inflows of $14.02 million. Morgan Stanley's MSBT also posted net inflows of $4.07 million.

Bitwise's BITB, Franklin Templeton's EZBC and Grayscale Bitcoin Mini Trust saw no flows.

Outflows have continued in the spot ETF market as Bitcoin has weakened and fallen to the low-$60,000 range.

YM Lee

YM Lee

20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE
hot_people_entry_banner in news detail bottom articleshot_people_entry_banner in news detail mobile bottom articles

What do you think about this news?








PiCK News