PiCK
US Spot Bitcoin ETFs Post $695.79 Million of Outflows as BlackRock, Fidelity Lead Withdrawals
Summary
- US spot Bitcoin ETFs recorded $695.79 million in net outflows in a single day.
- BlackRock’s IBIT lost $265.2 million, while Fidelity’s FBTC shed $274.48 million, accounting for most of the total.
- While net outflows continued across several ETFs, only the Morgan Stanley Bitcoin ETF (MSBT) posted $9.17 million in net inflows.
Forecast Trend Report by Period
US spot-Bitcoin exchange-traded funds posted net outflows of $695.79 million in a single day, with BlackRock and Fidelity accounting for more than $500 million of the withdrawals.
Data from Trader T showed on June 26 that US spot-Bitcoin ETFs logged total net outflows of $695.79 million a day earlier.
BlackRock’s iShares Bitcoin Trust (IBIT) saw $265.2 million leave, while Fidelity’s Wise Origin Bitcoin Fund (FBTC) recorded $274.48 million of outflows. Those two funds made up the bulk of the day’s withdrawals.
The ARK 21Shares Bitcoin ETF (ARKB) posted net outflows of $82.11 million, and the Invesco Galaxy Bitcoin ETF (BTCO) lost $53.03 million. Bitwise Bitcoin ETF (BITB) recorded $7.07 million of net outflows, Franklin Bitcoin ETF (EZBC) posted $6.84 million of outflows, VanEck Bitcoin Trust (HODL) lost $11.72 million and Valkyrie Bitcoin Fund (BRRR) saw $4.51 million leave.
By contrast, the Morgan Stanley Bitcoin ETF (MSBT) posted net inflows of $9.17 million. WisdomTree Bitcoin Fund (BTCW), Grayscale Bitcoin Trust (GBTC) and the Grayscale Bitcoin Mini Trust ETF saw no inflows or outflows.
YM Lee
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