Bitcoin ETFs see $714.4 million outflow over four consecutive trading days
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Quick Take Farside data shows that Bitcoin (BTC) exchange-traded funds (ETFs) experienced another significant outflow on June 18, amounting to $152.4 million. This marks the fourth consecutive trading day of outflows; the record outflow streak is from April 24 to May 2, which spanned seven consecutive trading days. The current sequence has resulted in a cumulative outflow of $714.4 million. Bitcoin ETF Flow Table: (Source: Farside) Fidelity’s FBTC ETF saw a substantial outflow of $83.1 million, bringing its total net inflow to $9.2 billion. This is also the fourth consecutive trading day of outflows for FBTC, totaling $361.6 million, nearing its record of five straight days of outflows. Bitwise’s BITB ETF recorded a $7.0 million outflow, pushing its total net inflow to $2.0 billion. BlackRock’s IBIT continued its long run of recording no outflows. Meanwhile, Grayscale’s GBTC ETF experienced a significant outflow of $62.3 million, its largest since June 11. Total outflows now reach $18.3 billion. According to Farside data, total inflows for Bitcoin ETFs stand at $14.8 billion. Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies. Source: https://cryptoslate.com/insights/bitcoin-etfs-see-714-4-million-outflow-over-four-consecutive-trading-days/
Filed under: News - @ June 19, 2024 1:16 pm