Published On: Tue, 11 Jun 2024 09:21:38 GMT

US Bitcoin ETFs see first day of outflows after 4 weeks

Jun 11, 2024, 9:21 AM UTC

Author: Sahil Thakur

Data from Farside Investors reveals that U.S. spot BTC ETFs experienced net outflows of $64.9 million on June 10, breaking their four-week winning streak. Grayscale Bitcoin Trust (GBTC) was the largest contributor to this trend, with outflows amounting to $39.5 million.

The Invesco Galaxy Bitcoin ETF (BTCO), Valkyrie Bitcoin Fund (BRRR), and Fidelity Wise Origin Bitcoin Fund (FBTC) reported outflows of $20.5 million, $15.8 million, and $3 million, respectively.

Conversely, Bitwise Bitcoin ETF (BITB) and iShares Bitcoin Trust (IBIT) were the only ETFs to see inflows, recording $7.6 million and $6.3 million, respectively.

The total net inflows of U.S. spot BTC ETFs have exceeded $15.6 billion. This milestone was achieved due to four consecutive weeks of steady inflows, accumulating over $4 billion in net inflows between May 13 and June 7.

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