The record series of inflows into spot Bitcoin ETFs has ended.
💰 On June 10, Investors withdrew $64.9 million from spot #BitcoinETFs , breaking the positive trend observed over the past 19 days 🧐, according to SoSoValue.
🌊 During the longest wave, BTC-ETFs saw about $4 billion in inflows, with a total of $15.62 billion since the approval of these instruments in January.
👀 Clients of Grayscale's #gbtc reduced their positions by $40 million, Invesco's BTCO by $20 million, and Valkyrie's VKRR by $16 million. Other products either saw no changes or minor inflows. For instance, Bitwise's BITB attracted $8 million, and #BlackRock 's IBIT brought in $6 million.
📝 The sentiment was influenced by an unfavorable employment report in the US. Following the release of macroeconomic data, the price of Bitcoin fell below $70,000 and has since dropped below $68,000, while Ethereum has fallen below $3600. 📉
