Crypto:
30604
Bitcoin:
$62.451
% 4.05
BTC Dominance:
%53.6
% 0.35
Market Cap:
$2.21 T
% 1.97
Fear & Greed:
33 / 100
Bitcoin:
$ 62.451
BTC Dominance:
% 53.6
Market Cap:
$2.21 T

Bitcoin ETF Outflows Total $174M on Sixth Consecutive Day

Bitcoin Spot Etf

On Monday, U.S. spot bitcoin ETF saw a total daily net outflow of $174.45 million, the sixth consecutive day of negative flows.

Data from SosoValue shows Grayscale’s GBTC leading the pack of outflows with $90 million, followed by Fidelity’s FBTC, which experienced $35 million worth of outflows yesterday.

Franklin Templeton’s EZBC shows $20.8 million in net outflows—the first since May 2. On Monday, many other funds witnessed net outflows: VanEck’s HODL saw $10 million; Bitwise’s BITB saw $8 million; the ARKB fund from Ark Invest and 21Shares saw $7 million in outflows. Additionally disclosing $2 million were Invesco and Galaxy Digital’s BTCO.

Along with funds from Valkyrie, WisdomTree, and Hashdex, BlackRock’s IBIT—the biggest spot bitcoin ETF in terms of net asset value—recorded zero flows on Monday. Not one fund showed net inflows.

The withdrawals coincided with Bitcoin’s lowest point in almost six weeks, as the price momentarily dropped under the $60,000 mark on Monday. At publication time, it is changing hands at $61,191—down 2.36% in the past 24 hours.

The price drop of bitcoin coincided with a significant disclosure from Mt. Gox, the defunct bitcoin exchange that filed for bankruptcy in 2014 following many attack incidents. On Monday, Mt. Gox revealed that, starting in July, it intends to send creditors $9 billion worth of bitcoin and bitcoin cash returns.

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