The cryptocurrency market has been lackluster recently, and with the lack of investor interest, 11 U.S. Bitcoin spot ETFs saw more than $152 million in withdrawals on Tuesday, marking the fourth consecutive day of capital loss.
According to data from SoSo Value, on June 18, Eastern Time, three of the U.S. Bitcoin spot ETFs recorded net outflows of funds: Fidelity’s FBTC had a net outflow of US$83 million; Grayscale’s GBTC had a net outflow of US$83 million; There was an outflow of US$62 million; Bitwise's BITB lost approximately US$7 million; while the capital flows of the remaining eight ETFs were all "zero".
Data shows that as of June 18, the cumulative net inflows of the 11 Bitcoin spot ETFs reached US$14.81 billion, a decrease of US$880 million from the peak of US$15.69 billion set on June 7.
At the time of writing, Bitcoin was down slightly by 0.5% in the past 24 hours, trading at around $65,305.
CryptoQuant analysts said in a report on Tuesday that Bitcoin has fallen below the key support level of $65,800, which indicates that an 8% to 12% correction may follow, which may lead to the price falling to $60,000.
〈Blood loss for the 4th consecutive day: US Bitcoin spot ETF was withdrawn from another US$152 million〉 This article was first published on "Blocker".