2024

Bitcoin

Spot

BlackRock

<p>Bitcoin ETFs saw a net outflow of $140 million on June 20, 2024. This marks the fifth consecutive day of negative inflow for Bitcoin ETFs.</p>
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   <p lang="en" dir="ltr">🚨 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$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>
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<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

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