Memecoin

Bitcoin ETF

Bitcoin

<ul>
 <li>On Tuesday, June 18, no spot Bitcoin ETF had an inflow, marking the first such event.</li>
 <li>Fidelity’s FBTC had the most outflow, totaling $83 million.</li>
</ul>
A net outflow of $152.42 million from U.S. spot bitcoin exchange-traded funds occurred on Tuesday, the fourth day in a row of such withdrawals.
Consistent outflows over the last four trading sessions have caused a significant pause in the spot Bitcoin ETF market. On Tuesday, June 18, no spot Bitcoin ETF had an inflow, marking the first such event since the inception in January 2024.
<h3 class="wp-block-heading" id="h-struggle-continues">Struggle Continues</h3>
SosoValue data shows that out of the 11 ETFs, <a href="https://www.fidelity.com/" target="_blank" rel="noopener noreferrer nofollow">Fidelity’s</a> FBTC had the most outflow, totaling $83 million. Bitwise’s BITB had a net outflow of around $7 million, while Grayscale’s GBTC recorded a net outflow of $62 million. Tuesday saw no inflows into the other eight exchange-traded funds.
The statistics indicated that the total net inflows for the eleven spot bitcoin ETFs were $14.81 billion as of Tuesday, down from a high of $15.69 billion on June 7. Up to June 7, the funds had a 19-day running total of inflows. At present, a large portion of the market share is dominated by the two leading firms, <a href="https://thenewscrypto.com/u-s-bitcoin-etfs-see-226-2m-net-outflow-blackrocks-ibit-defies-trend/" target="_blank" rel="noopener noreferrer nofollow">BlackRock</a> and Fidelity.
On Tuesday, there was a total of $1.7 billion worth of ETF trading volume, up from $1.24 billion on Monday. As of this writing, the <a href="https://thenewscrypto.com/will-bitcoin-btc-price-witness-bearish-trends-at-65k-for-longer/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> price is attempting to maintain a level over $65,000, despite selling pressure caused by recent outflows and a general lack of enthusiasm. Meanwhile, since their inception last week, spot Bitcoin ETFs in Australia have been seeing small inflows of capital.
Bitcoin’s recent collapse through a crucial price support level, according to a research by <a href="https://cryptoquant.com/" target="_blank" rel="noopener noreferrer nofollow">CryptoQuant</a> experts published on Tuesday, might indicate an 8% to 12% correction, which could cause the price to plummet near $60,000.
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U.S Bitcoin ETFs See $152.42M Outflow on Fourth Consecutive Day

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