REASONS FOR BITCOIN DECLINE YESTERDAY AND TODAY!

On June 20, 2024, $BTC spot ETFs experienced a total net outflow of $140 million. This situation is seen as part of the fluctuations experienced by #Bitcoin #ETF in recent weeks. Grayscale's GBTC fund, in particular, made large sales during this period, accounting for a large portion of the outflows. On the other hand, some ETFs, notably BlackRock's IBIT ETF and Fidelity's FBTC ETF, recorded net inflows, but this was not enough to offset total outflows.