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.
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.
