19-trading day Bitcoin ETF inflow streak ends with $64.9 million outflow

Share This Post

Quick Take

Farside data shows that on June 10, Bitcoin (BTC) exchange-traded funds (ETFs) saw a $64.9 million outflow, marking the first outflow since May 10 and halting a streak of 19 consecutive trading-day inflows. Four ETF issuers drove the outflows.

Grayscale’s GBTC led the outflows with $39.5 million, bringing their total outflows to $18 billion. The BTCO Invesco Galaxy ETF also saw substantial outflows of $20.5 million, though their total net inflow remains positive at $300 million. Valkyrie’s BRRR ETF experienced a $15.8 million outflow, but its total net inflow still stands at a healthy $497 million. Fidelity’s FBTC had a smaller outflow of $3 million, yet it maintains a robust total inflow of $9.6 billion, according to Farside data.

In contrast, two issuers saw positive inflows. BlackRock’s IBIT recorded an inflow of $6.3 million, while Bitwise’s BITB ETF saw an inflow of $7.6 million. Despite the recent outflows, total inflows into Bitcoin ETFs remain substantial at $15.6 billion.

Bitcoin ETF Flow Table: (Source: Farside)
Table showing the flows for spot Bitcoin ETFs in the US from May 23 to June 10, 2024 (Source: Farside)

The post 19-trading day Bitcoin ETF inflow streak ends with $64.9 million outflow appeared first on CryptoSlate.

Read Entire Article
- Advertisement -spot_img

Related Posts

Only 0.47% of money laundering uses Bitcoin and crypto out of $5 trillion globally

A new report from ivezzcom reveals that every year, an estimated 2-5% of the global GDP is laundered, translating to up to $505 trillion by 2024 Reflecting on these numbers reveals a significant

Kenya Concludes Worldcoin Investigation

Kenyan police have reportedly closed their investigation of Worldcoin, allowing the latter to resume its activities in the East African nation The chief legal officer at Tools for Humanity confirmed

Solana Slides 13% – Can It Recover Despite Analyst’s $1,000 Prediction?

Solana (SOL) has been caught in the crypto current, tossed back and forth by recent market volatility After an impressive rally earlier in 2024, SOL has dipped by 13% over the past week, leaving

Weekly Crypto Preview: These Are The Top 5 Coins

This week in crypto, the market is poised at a crucial juncture with several significant developments on the horizon These are the top 5 cryptocurrencies to keep an eye on in the upcoming days #1

Bitcoin tumble below $63,000 last week was its second-worst weekly performance of 2024

Quick Take Bitcoin faced a challenging period last week (June 17-23), marking one of its worst weeks of 2024 According to Glassnode, Bitcoin declined by 52% in week 25, making it the second

Bitcoin Technical Analysis: Mt Gox Payment News Rattles Markets

Bitcoin’s price action on June 24, 2024, indicates a clear bearish trend Hovering around $61,171, bitcoin has fluctuated between $60,580 and $64,384 in the past 24 hours BTC’s market