Gemini

Franklin

<ul>
 <li>In terms of net asset value, BlackRock’s IBIT, was the only one that saw net inflows.</li>
 <li>At the time of writing, Bitcoin is trading at $63,849, down 3.21% in the last 24 hours.</li>
</ul>
On Thursday, $139.88 million left U.S.-based spot bitcoin exchange-traded funds, marking the fifth day in a row of net withdrawals. Yesterday, according to statistics from SoSoValue, the top two funds in terms of daily net outflow were <a href="https://thenewscrypto.com/massmutual-enters-crypto-realm-with-grayscales-gbtc-investment/" target="_blank" rel="noopener noreferrer nofollow">GBTC</a> (Grayscale) and FBTC (Fidelity). With GBTC posting $53 million and FBTC $51 million, respectively.
While <a href="https://thenewscrypto.com/australias-asx-to-list-first-bitcoin-etf-by-vaneck/" target="_blank" rel="noopener noreferrer nofollow">VanEck’s</a> ETF saw net outflows of $4 million, Bitwise’s BITB recorded $32 million. Net withdrawals of $2 million were recorded by the Invesco and Galaxy Digital fund.
In terms of net asset value, the biggest spot bitcoin ETF, <a href="https://www.blackrock.com/corporate" target="_blank" rel="noopener noreferrer nofollow">BlackRock’s</a> IBIT, was the only one that saw net inflows. On Thursday, IBIT’s daily transaction volume was $565 million, and the net inflows were $1 million. Hashdex, WisdomTree, Valkyrie, Franklin Templeton, and Ark Invest all had funds with no transactions.
After reaching $1.7 billion on Tuesday, the overall trading volume for the ETFs dropped to $1.16 billion on Thursday. As of Thursday, the eleven spot bitcoin funds had received a combined net inflow of $14.67 billion since they were launched in January. On Wednesday, due to a public holiday, the market was closed.
<h3 class="wp-block-heading" id="h-bitcoin-price-plunges">Bitcoin Price Plunges</h3>
In the wake of big market events, the cryptocurrency community has been trying to make sense of Bitcoin’s (BTC) dramatic price swings. The market has been under a lot of strain due to the German government’s aggressive sale of large quantities of Bitcoin.
On June 20, Bitcoin had a short surge in value, rising above $65,800. In addition, there was a lot of resistance around $66,000. And it reached a high of $66,387 before beginning to fall again. At the time of writing, Bitcoin is trading at $63,849, down 3.21% in the last 24 hours as per data from <a href="http://coinmarketcap.com" target="_blank" rel="noopener noreferrer nofollow">CMC</a>.
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U.S Bitcoin ETFs See Fifth Consecutive Day of Outflows Amid Price Plunge

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