BTC Exchange-Traded Funds See Continued Negative Performance on June 14
According to on-chain data, the BTC exchange-traded funds exhibited a negative performance on June 14, with outflows amounting to $190 million, as reported by the popular on-chain analytics platform SpotOnChain. This negative trend follows the previous day’s outflows, indicating a consistent downward flow of funds. SpotOnChain shared this development on the social media platform X.
The analytics provider highlighted the ongoing negative trend, stating that the total outflows for the entire trading week reached $581.4 million, with only one day showing a positive flow. Among the various ETFs, only BlackRock’s iShares Bitcoin Trust (IBIT) experienced inflows on that day.
SpotOnChain further noted that the negative flows persisted on the second day, following the $226 million outflows recorded on the 13th of the month. Despite this, the current position of the BTC exchange-traded funds appears to be slightly less negative. The analytics provider also discussed the performance of the ETFs over the past week, revealing a significant negative performance with outflows totaling approximately $581.4 million.
In terms of inflows, only BlackRock’s iShares Bitcoin Trust (IBIT) saw positive activity, with $1.5 million recorded. On the other hand, Fidelity’s ETF (FBTC) experienced outflows of $86.1 million, making it the second-highest ETF in terms of outflows. Grayscale and ARKB also saw significant outflows of $52.3 million and $49 million, respectively.
Tags: BTC, ETF, SpotOnChain, BlackRock, Fidelity, Grayscale, ARKB
