Bitcoin (BTC) ETFs Post $900M in Net Outflows This Week

Thursday marked the fifth straight day of net outflows for the U.S.-listed ETFs in their worst performance since mid April.

U.S.-listed spot bitcoin (BTC) exchange-traded funds (ETFs) saw their fifth-straight day of outflows on Thursday, losing over $900 million so far this week.

According to data tracked by SoSoValue, the 11 listed ETFs lost $140 million on Thursday, with $1.1 billion in trading volumes. Grayscale’s GBTC – which has mostly seen outflows since its conversion to an ETF in January – led outflows at $53 million, followed by Fidelity’s FBTC at $51 million.

BlackRock's IBIT, the largest ETF by assets held, was the only product that recorded a net inflow of $1 million on Thursday. Other products saw zero net inflow or outflow activity.

Such outflow activity is the worst since late April, which saw $1.2 billion in total net outflows in trading sessions from April 24 to May 2. Inflows since picked up and saw the products add more than $4 billion in the next 19 days of trading – before the ongoing outflow deluge started on June 10.

BTC prices have generally suffered in the past few weeks amid $1 billion in sales from large holders, dollar strength and a strong U.S. technology index market.

News source：https://www.kdj.com/cryptocurrencies-news/articles/bitcoin-btc-etfs-post-m-net-outflows-week.html

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