Crypto NewsBitcoinUS Spot Bitcoin Exchange Traded Funds (ETFs) Experience Net Outflows for the...

US Spot Bitcoin Exchange Traded Funds (ETFs) Experience Net Outflows for the Fourth Day in a Row! Here are the Details

US spot Bitcoin exchange-traded funds (ETFs) recorded a net outflow of $152.42 million on Tuesday, the fourth day in a row.

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US spot Bitcoin exchange-traded funds (ETFs) recorded a net outflow of $152.42 million on Tuesday, marking the fourth day in a row of net outflows.

US Spot Bitcoin ETFs See $152 Million Net Outflow, Extending Negative Streak to Four Days

Among 11 bitcoin ETFs, Fidelity's FBTC had the largest outflow at $83 million, according to SosoValue data.

Grayscale's GBTC followed with a net outflow of $62 million, while Bitwise's BITB saw an outflow of approximately $7 million. The remaining eight ETFs recorded zero flows on Tuesday.

As of Tuesday, the cumulative net inflow of 11 spot Bitcoin ETFs was $14.81 billion, down from a peak of $15.69 billion on June 7. These products previously had a 19-day entry streak through June 7.

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Trading volume for these ETFs reached $1.7 billion on Tuesday, up from $1.24 billion on Monday.

According to the Bitcoin price page, Bitcoin price is trading around $65,300 at the time of publication, down 0.35% over the last 24 hours.

Bitcoin has fallen from a key price support level, which could indicate an 8% to 12% correction, CryptoQuant analysts said in a report published on Tuesday. This potential decline could lead the price towards $60,000.

*This is not investment advice.



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