Bitcoin ETF

Bitcoin

Million

<ul class="news-points">
 <li>On Friday, the U.S. Bitcoin spot ETF market saw outflows totaling $106 million.</li>
 <li>Fidelity had the largest single-day outflow of $44.8M, followed by Grayscale.</li>
 <li>This unyielding bleeding trend surfaced as Bitcoin hit a low of $63,370.</li>
</ul>
U.S. Bitcoin spot exchange-traded funds (ETFs) experienced a sixth consecutive day of outflows, totaling $106 million on Friday, June 21, amid a broader downturn in the cryptocurrency market.
The market has endured continuous outflows throughout the entire trading week, reaching a cumulative total of $545 million. This marks the sixth consecutive day of negative net inflows for the market.
Among individual ETFs, Fidelity’s FBTC led the outflows on Friday with $44.8 million. Grayscale’s GBTC followed closely with a $34.2043 million outflow. Ark Invest’s ARKB also saw an outflow of $28.8 million. In contrast, several ETFs, including BlackRock’s IBIT, Bitwise’s BITB, VanEck Bitcoin Trust’s HODL, Valkyrie Bitcoin Fund’s BRRR, and Invesco Galaxy’s BTCO, reported zero net flow on Friday.
The Franklin Bitcoin ETF (EZBC) was the sole outlier, recording a modest inflow of $1.9 million.
<img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXf9cDaLj4y0B9X9mXGeTYtY8qHv5erYbBggupq_U2hMRRPJbQczG4mwP5KSeTtBAPt2pj7EpJJg-WeCsAzNqsB9z-B8tZzhPlJQWmA5Hp1Xi9i5HTdn6Yrwu6Z-2Wpw16IZ-ipM20vK596GmZcGfCs2xU2M?key=vk91c2GRjmSDBNdJ8vMMsQ" width="437" height="299">Image source | <a href="https://x.com/spotonchain/status/1804373007944831079" target="_blank" rel="noopener noreferrer nofollow">Spon On Chain on X</a>
These move…
The post <a href="https://coinedition.com/bitcoin-etf-bleeding-continues-106-million-outflow-in-single-day/" rel="noopener noreferrer nofollow">Bitcoin ETF Bleeding Continues: $106 Million Outflow in Single Day</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Bitcoin ETF Bleeding Continues: $106 Million Outflow in Single Day

Coin Edition

Інші статті, опубліковані 22 черв. 2024 р.

Binance Boosts TON Network with USDT Integration Amid Market Volatility

New Solana Memecoin Degen Black Pepe (DEGBPEPE) to Rally 17,000% Within 48 Hours – Should You Buy?

BabyDoge Partners Yescoin, Eyes Rolling Out Telegram Game

How to Invest $1000 in Cryptocurrency Today: Here Are Top Altcoin Picks

MoonBag Achieves Top Crypto Presale In 2024 Position While Solana And Bitbot Struggle To The Fini...

Bitcoin (BTC) 'Positive Signal' Sent by Retail, Data Shows

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