According to the SosoValue website, of the ten cryptocurrency ETFs, Fidelity's FBTC had the most significant capital payout at $83 million. This is followed by Grayscale's GBTC with a total payout runoff of $62 million, and Bitwise's BITW recorded the same amount as about $7 million. For the remaining eight ETF funds, zero asset movements were recorded on Wednesday (Tuesday). The 11 Spot Bitcoin cryptocurrency ETFs have a total net gain of $14.81 billion, down from a high of $15.69 billion on June 7. The product previously enjoyed a 19-day streak of positive cash inflows through June 7. On Wednesday, trading volume for these ETFs totaled $1.7 billion, up from $1.24 billion on Monday. According to Bitcoin's price page, its value is currently around $65,300, down 0.35% in the last 24 hours. Analysts at Cryptoquant suggest the possibility of an 8 to 12% rate correction, which would bring the price down to $60,000. Bitcoin price dipped below $65,000 for the first time in a month: What caused this decline, and what does it mean going forward?
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