As the Bitcoin (BTC) price continues to hit lows, the spot Bitcoin ETFs in the US continue to witness major outflows for seven days in a row. On Monday, June 24, the total outflows across all nine spot Bitcoin ETFs was $174.5 billion, with none of the ETFs recording any kind of inflows. In the last ten days, the total outflows from the spot Bitcoin ETFs have exceeded $1 billion.
Bitcoin ETFs Continue to Bleed
After seeing $545 million in outflows, Bitcoin ETFs continue to bleed starting this week. Contributing to Monday’s outflows, Grayscale Bitcoin ETF GBTC recorded the most outflows at $90.4 million, as per data from Farside Investors. This has brought the total outflows from GBTC since inception, almost closer to $18.5 billion.
Fidelity’s FBTC suffered the second-biggest blow with $35 million in outflows on Monday. Since mid-June, FBTC has been seeing consistent outflows with the AUM dropping under $10 billion.
While several other Bitcoin ETFs have registered outflows, BlackRcok
We współpracy z: https://coingape.com/bitcoin-etfs-continue-to-bleed-with-zero-inflows-institutions-in-panic/
