Franklin

Bitcoin ETF

Bitcoin

Time

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Bitcoin ETFs saw $106 million in outflows on June 21.</li> 
 <li>Bitcoin is trading above $64,000.</li> 
</ul> 
<p>According to the latest reports from SoSoValue, Bitcoin ETFs recorded $106 million in outflows on June 21. This was the sixth consecutive day in which the crypto products in the US recorded outflows.</p> 
<p>Here are the outflows and inflows in Bitcoin ETF from yesterday, as per official data:</p> 
<ul> 
 <li>Grayscale’s Bitcoin ETF, GBTC, recorded $34 million in outflows.</li> 
 <li>Fidelity’s Bitcoin ETF, FBTC, recorded $45 million in outflows.</li> 
 <li>Ark Invest and 21Shares’ Bitcoin ETF, ARKB, recorded $29 million in outflows.</li> 
 <li>Franklin Templeton’s Bitcoin ETF, EZBC, recorded $2 million in inflows.</li> 
</ul> 
<p>BlackRock’s Bitcoin ETF, IBIT, and the other BTC ETFs did not see any inflows or outflows yesterday.</p> 
<figure id="attachment_45380" aria-describedby="caption-attachment-45380" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/06/sosovalue.png"><img loading="lazy" decoding="async" class="wp-image-45380 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/06/sosovalue.png" alt="SoSoValue" width="1642" height="706" title="Bitcoin ETFs Recorded $106M Outflows On June 21 18" srcset="https://crypto.ro/en/wp-content/uploads/2024/06/sosovalue.png 1200w, https://crypto.ro/en/wp-content/uploads/2024/06/sosovalue-300x129.png 300w, https://crypto.ro/en/wp-content/uploads/2024/06/sosovalue-1024x440.png 1024w, https://crypto.ro/en/wp-content/uploads/2024/06/sosovalue-768x330.png 768w, https://crypto.ro/en/wp-content/uploads/2024/06/sosovalue-750x322.png 750w, https://crypto.ro/en/wp-content/uploads/2024/06/sosovalue-1140x490.png 1140w" sizes="(max-width: 1642px) 100vw, 1642px"></a>
 <figcaption id="caption-attachment-45380" class="wp-caption-text">
  SoSoValue
 </figcaption>
</figure> 
<p>The total net assets in Bitcoin ETFs are $55.5 billion.</p> 
<p>Since their launch in January, the 11 spot Bitcoin funds have collectively seen a total net inflow of $14.56 billion as of Friday, according to the same <a href="https://sosovalue.xyz/assets/etf/us-btc-spot" rel="nofollow noopener" target="_blank">data</a>.</p> 
<p>According to the latest reports coming from Bernstein analysts, Bitcoin ETFs are close to being approved at major warehouses and large private bank platforms in Q3 and Q4 2024.</p> 
<p>Analysts Gautam Chhugani and Mahika Sapra recently stated that institutional basis trade will mark a huge stepping stone for the adoption of crypto at a global scale.</p> 
<p>These investors are considering net long positions as they become more comfortable with the improving ETF liquidity.</p> 
<h2 id="bitcoin-is-trading-above-64-000">Bitcoin is trading above $64,000</h2> 
<p>At the moment of writing this article, BTC is trading above $64,000.</p> 
<div class="cryptoboxes " data-realtime="on">
 <div class="coinmc-chart coinmc-trigger">
  <div class="cmc-row middle-md between-md">
   <div class="cmc-md-7 cmc-sm-12 cmc-xs-12">
    <ul class="coinmc-filter coinmc-chart-period">
     <li>
      <div class="coinmc-filter-label">
       Zoom
      </div></li>
     <li>
      <div class="coinmc-filter-button" data-period="hour">
       Hour
      </div></li>
     <li>
      <div class="coinmc-filter-button" data-period="day">
       Day
      </div></li>
     <li>
      <div class="coinmc-filter-button" data-period="week">
       Week
      </div></li>
     <li>
      <div class="coinmc-filter-button active" data-period="month">
       Month
      </div></li>
     <li>
      <div class="coinmc-filter-button" data-period="year">
       Year
      </div></li>
     <li>
      <div class="coinmc-filter-button" data-period="all">
       All Time
      </div></li>
    </ul>
   </div>
   <div class="cmc-md-5 cmc-sm-12 cmc-xs-12 end-md start-sm start-xs">
    <ul class="coinmc-filter coinmc-chart-type">
     <li>
      <div class="coinmc-filter-label">
       Type
      </div></li>
     <li>
      <div class="coinmc-filter-button active" data-type="chart">
       <i class="fas fa-chart-line"></i> Line Chart
      </div></li>
     <li>
      <div class="coinmc-filter-button" data-type="candlestick">
       <i class="fas fa-sliders-h"></i> Candlestick
      </div></li>
    </ul>
   </div>
  </div>
  <div class="cmc-row">
   <div class="cmc-md-12">
    <div class="chart-wrapper" data-config="{&quot;type&quot;:&quot;chart&quot;,&quot;coin&quot;:&quot;bitcoin&quot;,&quot;symbol&quot;:&quot;BTC&quot;,&quot;currency&quot;:&quot;USD&quot;,&quot;period&quot;:&quot;month&quot;,&quot;theme&quot;:&quot;light&quot;,&quot;smooth&quot;:true,&quot;areaColor&quot;:&quot;rgb(37,179,98, 0.8)&quot;,&quot;font&quot;:&quot;Saira&quot;,&quot;rate&quot;:1}"></div>
   </div>
  </div>
 </div>
</div> 
<p>The other day, the coin<a href="https://crypto.ro/en/news/bitcoin-sell-off-surges-as-value-plummets-under-64000-mark/"> saw a dip</a> below the level mentioned above ahead of a rebound in price.</p> 
<p>Now, Bitcoin’s market cap is $1.26 trillion.</p> 
<p>Bitcoin on-chain analyst Willy Woo recently addressed the price of Bitcoin and what it takes for it to see a recovery.</p> 
<p>He highlighted once more that BTC’s price will surge again once the miner capitulation is over and the <a href="https://crypto.ro/en/news/bitcoin-btc-to-surge-when-weak-miners-die-and-hash-rate-recovers/">hash rate recovers</a>.</p> 
<p>Woo said that this one is for the record books, as it’s taking a lot of time for miner capitulation post the halving event. Bitcoin’s halving took place on April 20.</p>

Bitcoin ETFs Recorded $106M Outflows On June 21

Зміст

crypto.ro global

Інші статті, опубліковані 22 черв. 2024 р.

Cardano (ADA) Energy Increases As it Welcomes Major Chain Update

The Next Big Thing in Crypto? 4 Altcoins to Watch Closely

Ripple CEO Brad Garlinghouse Clarifies California Court Ruling, Affirms XRP’s Win

Ripple Verdict Key in SEC’s Binance Case Strategy

Toncoin Transfer Volume Hits $10 Billion, Social Appeal Soars

Biswap Offers Fast and Affordable Token Swaps on BNB Smart Chain

Приєднуйтеся до нашої безкоштовної розсилки для отримання щоденних оновлень щодо крипто!