The post Bitcoin Spot ETFs Experience $140M Outflow Amid Five-Day Decline appeared first on Coinpedia Fintech News
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.