Happycoin.club - Since the launch of the Bitcoin ETF on January 11, 2024, the GBTC fund from Grayscale has been recognized as the constant leader in capital outflow. Because of this, it even lost its status as the world's largest exchange-traded fund that tracks BTC dynamics. However, over the past few days the situation has changed.
According to analytics platform FarSide, bitcoin spot funds recorded withdrawals on four out of five trading days. On Monday, the total outflow amounted to $64.9 million, on Tuesday - $200.4 million, on Thursday - $226.2 million, on Friday - $189.9 million. And only Wednesday, June 12, became an exception. On this day, the inflow of capital into the ETF exceeded $100.8 million.
Interestingly, Grayscale's GBTC lost its status as the leader in capital outflows on Thursday and Friday. These days, $61.5 million and $52.3 million were withdrawn from the fund, respectively. At the same time, the outflow of funds from FBTC from Fidelity amounted to $106.4 million on Thursday and $80.1 million on Friday.
This is the first time a Fidelity fund has had negative results two days in a row.
Amid nearly a week of ETF outflows, Bitcoin fell to $66,000, its lowest price this month.