🚨 #Bitcoin ETF Outflows Continue, Total Falls Below $15B 📉
The trend of Bitcoin (BTC) ETF outflows persisted as the week began, causing the total net inflows for U.S. investment products to dip below $15 billion. Farside Investors data reveals a $145.9 million net outflow for spot Bitcoin ETFs on June 17. The Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB) saw the biggest outflows, losing $92 million and $50 million respectively. VanEck Bitcoin Trust (HODL) and Grayscale Bitcoin Trust (GBTC) also faced smaller outflows of $3.8 million and $3 million.
Despite the bearish sentiment and ongoing outflows, the Bitwise Bitcoin ETF (BITB) recorded $2.9 million in inflows on June 17, while other ETFs remained neutral. Last week alone, spot Bitcoin ETFs saw $580.6 million in net outflows after four weeks of consecutive net inflows totaling around $4 billion.
Currently, total net inflows for spot BTC ETFs stand at $14.96 billion. This comes amidst rising FUD in the crypto market, with BTC prices dropping below $66,000 and the global crypto market cap falling by 2.6% to $2.485 trillion. 🚀🔻
