United

Bitcoin ETF

Bitcoin

Spot

The United States Bitcoin spot ETFs experienced a considerable total net outflow of $152 million on June 18. 
Notably, the <a href="https://farside.co.uk/?p=1321" target="_blank" data-type="link" data-id="https://farside.co.uk/?p=1321" rel="noreferrer noopener nofollow">data from FarsideInvestor</a> shows that Fedelity’s ETF, FBTC, has seen a notable outflow of $83.1 million, and&nbsp; Grayscale’s ETF, GBTC, saw a significant net outflow of $62.3397 million in a single day, with no inflows noted. The Bitwise Bitcoin ETF also has an outflow of $7 million. 
Since their listing in January, the 11 U.S. spot bitcoin ETFs have gathered a total net inflow of $14.81 billion. In this, major inflows of 17.64 billion have been observed in FBTC, while GBTC has seen significant outflows totaling 18.27 billion. 
This large-scale withdrawal of funds from Bitcoin ETFs could signal a shift in investor sentiment and may impact the broader cryptocurrency market. Such outflows often indicate a lack of confidence or profit-taking among investors, potentially leading to increased market volatility. 
The substantial outflow from Grayscale’s GBTC, a prominent Bitcoin investment vehicle, underscores the growing uncertainties within the crypto market. 
These eleven ETFs have seen $812 million outflows in the last seven days, with major outflows seen in FBTC and GBTC and with around $318 million and $299 million, respectively. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/06/19/hashdex-seeks-approval-for-combined-bitcoin-and-ethereum-etf/" target="_blank" rel="noreferrer noopener">Hashdex Seeks Approval for Combined Bitcoin and Ethereum ETF</a> 
</blockquote>

Bitcoin Spot ETFs Witness $152M Outflow on June 18

The Crypto Times

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