According to BlockBeats, data from Farside Investors on June 22nd revealed that the US Bitcoin Spot ETF recorded a net outflow of $544.1 million this week. The Grayscale Bitcoin Trust (GBTC) and Fidelity's Bitcoin ETF (FBTC) were among the most affected, with net outflows of $152.3 million and $271 million respectively.
The data indicates a significant shift in investor sentiment towards Bitcoin and related investment products. The net outflow from the US Bitcoin Spot ETF, which includes both GBTC and FBTC, suggests that investors are moving their funds away from these investment vehicles.
The reasons behind this shift are not clear. However, it is worth noting that the cryptocurrency market has been experiencing significant volatility, which may have influenced investor decisions. Despite the outflows, Bitcoin remains a popular investment, with many investors viewing it as a hedge against inflation and a potential store of value.
