PiCK
US Spot-Bitcoin ETFs See $231 Million in Net Outflows for Eighth Straight Session
Summary
- US spot-Bitcoin ETFs posted total net outflows of $231 million, extending their streak of net outflows to eight straight trading sessions.
- BlackRock's IBIT, Grayscale's BTC, and Fidelity's FBTC recorded net outflows of $300.4 million, $22.9 million, and $3.9 million, respectively.
- By contrast, ARKB, GBTC, HODL, and MSBT posted net inflows of $50 million, $35.1 million, $3.8 million, and $7.3 million, respectively.
Forecast Trend Report by Period
US spot-Bitcoin exchange-traded funds recorded more than $200 million of net outflows in a single day.
Data compiled by Farside Investors on June 30 showed that US spot-Bitcoin ETFs posted total net outflows of $231 million a day earlier. It was the eighth consecutive trading session of net outflows.
BlackRock's IBIT led the declines, with $300.4 million leaving the fund. Grayscale's BTC posted net outflows of $22.9 million, while Fidelity's FBTC saw $3.9 million in net outflows.
Some ETFs still attracted fresh money. Ark Invest and 21Shares' ARKB drew $50 million, Grayscale's GBTC took in $35.1 million, VanEck's HODL added $3.8 million and Morgan Stanley's MSBT received $7.3 million. The remaining products recorded no net flows.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.