32 C
Guangzhou
Sunday, July 14, 2024
BitcoinBitcoin Spot ETFs Experience Negative Inflows Again

Bitcoin Spot ETFs Experience Negative Inflows Again

- Advertisement -spot_imgspot_img
- Advertisement -spot_imgspot_img

Bitcoin ETFs Experience Significant Fluctuations in Net Inflows

Recent days have witnessed a notable volatility in the net inflows of Bitcoin ETFs. According to SpotOnChain, a leading on-chain analytics firm, Bitcoin ETFs registered a downturn of $14 million in net inflows on July 2. This shift was highlighted by the firm through its social media channels.

$BTC
#ETF
Net Inflow July 2, 2024: -$14M!
• After 5 consecutive days of positive net inflows, the trend reversed into negative territory.

#Grayscale
(GBTC) reported an outflow of $32.4M, surpassing the combined inflows of all other Bitcoin ETFs.

#BlackRock
(IBIT) led with the highest inflows among…

pic.twitter.com/GvXMN34Gq6
— Spot On Chain (@spotonchain)
July 3, 2024

Bitcoin Spot ETFs Record Negative Inflows on July 2

In a recent update on X, SpotOnChain noted a recent downturn in the net flows of exchange-traded funds. The analytics firm observed this negative trend persisting over the past 5 trading days. Additionally, SpotOnChain detailed the individual positions of various Bitcoin ETFs.

Grayscale Reports Significant Outflows Surpassing Total Inflows of Other ETFs

SpotOnChain highlighted Grayscale’s ETF (GBTC) as the primary contributor to this trend. GBTC experienced a substantial outflow amounting to $32.4 million, which exceeded the cumulative inflows of all other Bitcoin ETFs combined. In contrast, BlackRock’s ETF (IBIT) managed to maintain positive momentum with a daily inflow of approximately $14.1 million on July 2. Conversely, BITB witnessed a decrease of nearly $6.8 million. SpotOnChain also noted that BTCW, EZBC, BTCO, and BRRR reported no inflows during this period. However, ARKB and FBTC recorded inflows of approximately $2.5 million and $5.4 million, respectively.

- Advertisement -spot_imgspot_img
Latest news
- Advertisement -spot_img
Related news
- Advertisement -spot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here