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11 US spot Bitcoin exchange-traded funds (ETFs) recorded a net outflow of $64.93 million on Monday, marking the end of a 19-day streak of inflows, the longest on record. This series saw total inflows of over 4 billion dollars.
<h2 id="us-spot-bitcoin-etfs-experience-65-million-net-outflow-ending-19-day-inflow-streak">US Spot Bitcoin ETFs Experience $65 Million Net Outflow, Ending 19-Day Inflow Streak</h2>
Grayscale's GBTC led this week's outflows, withdrawing $40 million. Among other significant redemptions, Invesco and Galaxy Digital's BTCO experienced net outflows of $20 million, according to SosoValue data.
Valkyrie's Bitcoin ETF reported a net outflow of $16 million, while Fidelity's FBTC saw a net outflow of $3 million, its first negative flow since May 2.
In comparison, BlackRock's IBIT, the largest spot Bitcoin ETF by net assets, recorded net inflows of $6 million, while Bitwise's BITB saw inflows of $8 million.
The 19-day strong inflow series, which ended last Friday, provided net inflows of over $4 billion. Since their inception in January, 11 spot Bitcoin ETFs have recorded a combined net inflow of $15.62 billion.
Related News: <a href="https://en.bitcoinsistemi.com/major-investment-firm-bets-big-on-plunging-altcoin-buying-for-the-first-time/" target="_blank" rel="noopener noreferrer nofollow">Major Investment Firm Bets Big on Plunging Altcoin: Buying for the First Time</a>
Bitcoin's price fell last Friday after mixed signals from U.S. nonfarm payrolls and unemployment data created uncertainty and prompted investors to move away from riskier assets, according to crypto trading firm QCP Capital.
Market participants are closely monitoring the release of the US Consumer Price Index (CPI) and the Federal Open Market Committee meeting scheduled for later this week.
CME Group estimates there is a 99.4% chance that the Federal Reserve will keep the current interest rate between 5.25% and 5.50%.
However, a Reuters poll of economists shows that the Fed may cut interest rates twice this year, starting in September.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/19-day-entry-streak-breaks-in-us-spot-bitcoin-etfs-bitcoin-has-come-to-decline-here-are-the-details/" rel="noopener noreferrer nofollow">19-Day Entry Streak Breaks in US Spot Bitcoin ETFs! Bitcoin Has Come to Decline! Here are the Details</a>

19-Day Entry Streak Breaks in US Spot Bitcoin ETFs! Bitcoin Has Come to Decline! Here are the Details

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