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    Home » Bitcoin ETF sees outflows for 7 consecutive days
    Bitcoin

    Bitcoin ETF sees outflows for 7 consecutive days

    By adminJun. 25, 2024No Comments1 Min Read
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    Bitcoin ETF sees outflows for 7 consecutive days
    Bitcoin ETF sees outflows for 7 consecutive days
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    Bitcoin spot ETFs are facing significant outflows, with the trend continuing for seven consecutive trading days.

    From June 17 to June 21, American Bitcoin exchange-traded funds saw outflows of $544.1 million.

    However, the series continued, as on June 24, the products witnessed an overall net outflow of $174.5 million, according to Farside Investors data.

    Grayscale’s ETF, GBTC, reported the largest net outflow – $90.4 million in a single day, followed by BlackRock’s IBIT – $35.2 million.

    Read more:
    Over 50% of investment managers are considering cryptocurrency investments

    Also, according to Farside data, spot BTC ETFs have experienced the largest outflows in a two-week period since their approval in January.

    During this period, investors have withdrawn a total net of $1.3 billion from the funds, according to YahooFinance.

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