😱 Bitcoin Spot ETFs Experience $140M Record Outflow Amid Week Long Decline! 📉 Could US PMI data Save Bitcoin? 🤔
👉 On June 20, Bitcoin spot ETFs faced a $140 million outflow, marking their fifth consecutive day of losses.
🤯 Grayscale’s GBTC saw a $53.1 million decline in a single day. Conversely, BlackRock’s IBIT ETF gained $1.48 million, with total inflows reaching $14.67 billion.
🤔 This disparity highlights investors’ varied strategies and market volatility. The ongoing outflows suggest deeper concerns beyond price trends.
👀 Investors are now watching U.S. PMI data for signs of a potential Federal Reserve rate cut, which could significantly impact ETF performance.
