Bitcoin-ETF with outflows for 7 days in a row
Bitcoin spot ETFs have experienced significant outflows, a trend that has continued for seven consecutive trading days.
After U.S. Bitcoin exchange traded funds recorded outflows of $544.1 million from June 17 to June 21.
However, that streak continued, with total net product outflows totaling $174.5 million on June 24, according to Farside Investors.
Grayscale's ETF, GBTC, reported the largest net outflow of $90.4 million in a single day, followed by IBIT BlackRock with $35.2 million.
Additionally, spot BTC ETFs experienced the largest outflows in the two-week period following their approval in January, according to Farside.
During that period, investors withdrew a total of $1.3 billion from the funds. according to YahooFinance.
Bitcoin spot ETFs have experienced significant outflows, a trend that has continued for seven consecutive trading days.
After U.S. Bitcoin exchange traded funds recorded outflows of $544.1 million from June 17 to June 21.
However, that streak continued, with total net product outflows totaling $174.5 million on June 24, according to Farside Investors.
Grayscale's ETF, GBTC, reported the largest net outflow of $90.4 million in a single day, followed by IBIT BlackRock with $35.2 million.
Additionally, spot BTC ETFs experienced the largest outflows in the two-week period following their approval in January, according to Farside.
During that period, investors withdrew a total of $1.3 billion from the funds. according to YahooFinance.