đ± Bitcoin Spot ETFs Experience $140M Record Outflow Amid Week Long Decline! đ Could US PMI data Save Bitcoin? đ€
đ On June 20, Bitcoin spot ETFs faced a $140 million outflow, marking their fifth consecutive day of losses.
đ€Ż Grayscaleâs GBTC saw a $53.1 million decline in a single day. Conversely, BlackRockâs IBIT ETF gained $1.48 million, with total inflows reaching $14.67 billion.
đ€ This disparity highlights investorsâ varied strategies and market volatility. The ongoing outflows suggest deeper concerns beyond price trends.
đ Investors are now watching U.S. PMI data for signs of a potential Federal Reserve rate cut, which could significantly impact ETF performance.
