The United States Bitcoin spot ETFs experienced a considerable total net outflow of $152 million on June 18.
Notably, the data from FarsideInvestor shows that Fedelity’s ETF, FBTC, has seen a notable outflow of $83.1 million, and Grayscale’s ETF, GBTC, saw a significant net outflow of $62.3397 million in a single day, with no inflows noted. The Bitwise Bitcoin ETF also has an outflow of $7 million.
Since their listing in January, the 11 U.S. spot bitcoin ETFs have gathered a total net inflow of $14.81 billion. In this, major inflows of 17.64 billion have been observed in FBTC, while GBTC has seen significant outflows totaling 18.27 billion.
This large-scale withdrawal of funds from Bitcoin ETFs could signal a shift in investor sentiment and may impact the broader cryptocurrency market. Such outflows often indicate a lack of confidence or profit-taking among investors, potentially leading to increased market volatility.
The substantial outflow from Grayscale’s GBTC, a prominent Bitcoin investment vehicle, underscores the growing uncertainties within the crypto market.
These eleven ETFs have seen $812 million outflows in the last seven days, with major outflows seen in FBTC and GBTC and with around $318 million and $299 million, respectively.
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