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

US Bitcoin ETFs see first day of outflows after 4 weeks

Jun 11, 2024

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.

Trusted

Our Crypto Talk is committed to unbiased, transparent, and true reporting to the best of our knowledge. This news article aims to provide accurate information in a timely manner. However, we advise the readers to verify facts independently and consult a professional before making any decisions based on the content since our sources could be wrong too. Check our Terms and conditions for more info.