PiCK
US Spot-Bitcoin ETFs Post $296 Million in Net Outflows for 10th Straight Session
Summary
- US spot-Bitcoin ETFs posted total net outflows of $296 million.
- US spot-Bitcoin ETFs recorded net outflows for 10 straight trading sessions.
- Large net outflows were recorded from BlackRock's IBIT, Fidelity's FBTC, Ark Invest and 21Shares' ARKB, and Grayscale's GBTC.
Forecast Trend Report by Period
US spot-Bitcoin exchange-traded funds recorded heavy net outflows.
According to Trader T on July 2, US spot-Bitcoin ETFs saw total net outflows of $296 million the previous day, extending their streak of net withdrawals to 10 consecutive trading sessions.
BlackRock's IBIT posted the largest net outflow at $219.41 million. Fidelity's FBTC recorded net outflows of $51.02 million, Ark Invest and 21Shares' ARKB lost $39.9 million, and Grayscale's GBTC saw $62.79 million leave the fund.
By contrast, Morgan Stanley's MSBT drew $29.81 million in net inflows, while Grayscale Mini Bitcoin added $36.33 million. Invesco's BTCO, Franklin's EZBC and VanEck's HODL also posted net inflows of $5.37 million, $3.48 million and $2.13 million, respectively. The remaining products recorded no net flows.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.