ETF Volumes Slide: Below $3 Billion Since Mid-May

Attention crypto traders!

ETF trading volumes are showing signs of a slowdown, failing to surpass the $3 billion mark since mid-May. This comes after Farside reported the first outflow of July for Bitcoin (BTC) ETFs on July 2nd.

The outflow totaled $13.7 million, snapping a five-day streak of inflows. Leading the decline was Grayscale's GBTC, experiencing a significant $32.4 million outflow, pushing its total net outflow to a hefty $18.5 billion.