Bitcoin spot ETFs in the United States have once again experienced significant outflows. According to SpotOnChain, a leading on-chain analytics provider, Bitcoin ETFs saw outflows of $200 million on June 11th. This information was shared on the official X account of the analytics platform.
On June 11, 2024, there were no inflows into any US Bitcoin ETFs. Grayscale (GBTC) witnessed a substantial increase in outflows, soaring from $39.5 million to $121 million, marking a threefold surge in single-day outflows. BlackRock (IBIT) reported a net flow of $0. Overall, the net inflow for the day was…
US BTC Spot ETFs Witness Outflows of $200 Million with Zero Inflows
June 11 marked the second consecutive day of ETF outflows, as reported by SpotOnChain. The analytics firm also provided detailed insights into individual exchange-traded funds in their latest X post. A significant increase in outflows was noted in the popular Grayscale ETF, with a threefold rise in single-day outflows.
GBTC ETF saw massive outflows of $121 million, up from $39.5 million previously, making it the top ETF in terms of outflows. On the other hand, BlackRock’s IBIT ETF remained neutral with no inflows or outflows.
Total Asset Value of Spot BTC ETFs Drops Below $60 Billion
Fidelity BTC ETF also experienced outflows, with FBTC recording outflows of $7.4 million, as per SpotOnChain data. The on-chain analytics forum also shared information on the Bitwise Bitcoin ETF, which saw outflows of nearly $11.7 million. Spot On Chain highlighted that the cumulative asset value of BTC spot ETFs has fallen below the $60 billion mark, currently standing at $59.227 billion.
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