2024

Bitcoin

Spot

BlackRock

<p>Bitcoin ETFs saw a net outflow of $140 million on June 20, 2024. This marks the fifth consecutive day of negative inflow for Bitcoin ETFs.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
   <p lang="en" dir="ltr">🚨 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a> <a href="https://twitter.com/hashtag/ETF?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#ETF</a> Net Inflow June 20, 2024: -$140M!<br><br>• The net inflow has been negative for 5 consecutive days.<br><br>• Only <a href="https://twitter.com/hashtag/BlackRock?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BlackRock</a> (IBIT) experienced a small inflow of $1.5M yesterday.<br><br>• <a href="https://twitter.com/hashtag/Grayscale?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Grayscale</a> (GBTC) experienced the highest outflow of the day at $53M. This ETF has suffered a… <a href="https://t.co/XC6n5bJl5D" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/XC6n5bJl5D</a></p>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1804005479120802194?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 21, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<h2 class="wp-block-heading" id="grayscale-s-gbtc-leads-in-outflow-with-53m-in-one-day">Grayscale’s GBTC Leads in Outflow with $53M in One Day</h2>
<p>Among the various ETFs, BlackRock’s IBIT was the only one to see a positive inflow, albeit a small one at $1.5 million, as reported by <a href="https://spotonchain.com/" target="_blank" rel="noopener noreferrer nofollow">SpotOnChain</a>.</p>
<p>Among the cryptocurrencies on Grayscale, GBTC saw the heaviest trading, with an outflow of $53 million. In the last five days alone, Grayscale has witnessed outflows totaling up to $232 million. The same can be said of Fidelity’s FBTC, which experienced an even greater outflow during the period at $413 million.</p>
<p>The value indicates the net drain implying that investors are withdrawing more assets in Bitcoin ETFs than they are investing in it. This may signal a change of tact by investors towards the management of Bitcoin investment or sentiment on the asset.</p>
<h2 class="wp-block-heading" id="significant-net-outflows-highlight-investor-wariness-of-bitcoin-etfs">Significant Net Outflows Highlight Investor Wariness of Bitcoin ETFs</h2>
<p>The new changes including outflow demonstrate a trend of investors leaving popular ETFs such as Grayscale and Fidelity. Perhaps the only ray of positivity for BlackRock in its IBIT is the modest inflow it received during a period that has proven tiring for Bitcoin ETFs.</p>
<p>Overall, the present tendency demonstrates quite cautious attitude of investors in relation to Bitcoin ETFs, significant net outflows were observed for the past week.</p>

Bitcoin ETFs Experience $140M Outflow on June 20

Table of Contents

BlockchainReporter

Other articles published on Jun 21, 2024

Dogwifhat Whales Offload $16M Tokens Amid 24% Weekly Dip, Will WIF Price Drop Further?

Is Biden shifting strategy on digital assets ahead of Trump debate?

Memereum Sells Over 1M Tokens Within Hours on Presale While Markets Rebound

MoonBag Presale Achieves $2.7M, Captivating Crypto Experts With an Impressive 88% APY, Tipped To ...

Market Watch: BlockDAG Hits $52.5M in Presale, BONK & Lido DAO See Price Surges

DEGEN crypto crashes after a 40% surge in 24 hours: What’s happening?

Join our free newsletter for daily crypto updates!