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<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Bitcoin ETFs recorded $226 million outflows on June 13.</li> 
 <li>BlackRock’s Bitcoin ETF, IBIT, was the only one seeing inflows, totaling $18 million.</li> 
</ul> 
<p>According to the latest reports coming from <a href="https://sosovalue.xyz/assets/etf/us-btc-spot" rel="nofollow noopener" target="_blank">SoSoValue</a>, Bitcoin ETFs recorded $226 million in outflows on June 13. Fidelity’s FBTC fund recorded its second-largest net outflow day since its inception.</p> 
<p>BlackRock’s Bitcoin ETF, IBIT, was the only crypto product that saw inflows, totaling $18 million.</p> 
<figure id="attachment_44846" aria-describedby="caption-attachment-44846" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/06/16-iunie-poza.png"><img loading="lazy" decoding="async" class="wp-image-44846 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/06/16-iunie-poza.png" alt="SoSoValue" width="1422" height="648" title="Bitcoin ETFs Record $226M Outflows, As BlackRock's IBIT Sees $18M Inflows 21" srcset="https://crypto.ro/en/wp-content/uploads/2024/06/16-iunie-poza.png 1200w, https://crypto.ro/en/wp-content/uploads/2024/06/16-iunie-poza-300x137.png 300w, https://crypto.ro/en/wp-content/uploads/2024/06/16-iunie-poza-1024x467.png 1024w, https://crypto.ro/en/wp-content/uploads/2024/06/16-iunie-poza-768x350.png 768w, https://crypto.ro/en/wp-content/uploads/2024/06/16-iunie-poza-750x342.png 750w, https://crypto.ro/en/wp-content/uploads/2024/06/16-iunie-poza-1140x519.png 1140w" sizes="(max-width: 1422px) 100vw, 1422px"></a>
 <figcaption id="caption-attachment-44846" class="wp-caption-text">
  SoSoValue
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</figure> 
<p>Here are the outflows that the other Bitcoin ETFs recorded yesterday:</p> 
<ul> 
 <li>Grayscale’s Bitcoin ETF, GBTC recorded $62 million in outflows.</li> 
 <li>Fidelity’s Bitcoin ETF, FBTC, recorded $106 million in outflows.</li> 
 <li>Ark Invest and 21Shares’ Bitcoin ETF, ARKB, recorded $53 million in outflows.</li> 
 <li>Bitwise’s Bitcoin ETF, BITB, recorded $10 million in outflows.</li> 
 <li>Invesco and Galaxy Digital’s Bitcoin ETF, BTCO, recorded $3 million in outflows.</li> 
 <li>VanEck’s Bitcoin ETF, HODL, recorded $11 million in outflows.</li> 
</ul> 
<p>The other Bitcoin ETFs did not record any inflows or outflows yesterday.</p> 
<p>The total net asset value of the Bitcoin ETFs was $58.5 billion, SoSoValue data reveals.</p> 
<figure id="attachment_44847" aria-describedby="caption-attachment-44847" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/06/14-iunie.png"><img loading="lazy" decoding="async" class="wp-image-44847 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/06/14-iunie.png" alt="SoSoValue" width="1653" height="691" title="Bitcoin ETFs Record $226M Outflows, As BlackRock's IBIT Sees $18M Inflows 22" srcset="https://crypto.ro/en/wp-content/uploads/2024/06/14-iunie.png 1200w, https://crypto.ro/en/wp-content/uploads/2024/06/14-iunie-300x125.png 300w, https://crypto.ro/en/wp-content/uploads/2024/06/14-iunie-1024x428.png 1024w, https://crypto.ro/en/wp-content/uploads/2024/06/14-iunie-768x321.png 768w, https://crypto.ro/en/wp-content/uploads/2024/06/14-iunie-750x314.png 750w, https://crypto.ro/en/wp-content/uploads/2024/06/14-iunie-1140x477.png 1140w" sizes="(max-width: 1653px) 100vw, 1653px"></a>
 <figcaption id="caption-attachment-44847" class="wp-caption-text">
  SoSoValue
 </figcaption>
</figure> 
<h2 id="bitcoin-is-trading-near-67-000">Bitcoin is trading near $67,000</h2> 
<p>At the moment of writing this article, BTC is trading near the important level of $67,000.</p> 
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<p>The price of BTC has seen a correction amidst a recent unexpected miner capitulation event that has been addressed by Bitcoin on-chain analyst Willy Woo.</p> 
<p>He noted via a post on X that this event is stemming from Bitcoin halving which took place on April 20 and is currently culling weak miners.</p> 
<p>He also noted that as they die, they dump BTC, but the price of the coin will rebound afterwards.</p> 
<p>According to the latest reports coming from Julio Moreno, Head of Research at&nbsp;<a href="https://cryptoquant.com/community/dashboard/63064a8d77d099261f5ddfb8" target="_blank" rel="nofollow noopener">CryptoQuant</a>, June 11 marked the largest<a href="https://crypto.ro/en/news/bitcoin-miners-sold-1200-btc-on-june-11-largest-daily-selling-volume-since-late-march/"> daily selling volume</a> of Bitcoin miners since late March.</p> 
<p>However, Bitcoin remains surrounded by optimistic predictions especially after the coin was able to consolidate under previous ATHs for over 90 days.</p> 
<p>Bitcoin has been in a <a href="https://crypto.ro/en/news/bitcoins-92-day-consolidation-could-trigger-a-massive-rally/">consolidation phase</a> since it hit its ATH of almost $74,000 on March 13. Consolidation periods are times when BTC’s trading volume and volatility are lower than usual. Such phases are usually followed by price surges.</p>

Bitcoin ETFs Record $226M Outflows, As BlackRock’s IBIT Sees $18M Inflows

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