Bitcoin ETF sees outflows for 7 consecutive days

Bitcoin spot ETFs are facing significant outflows, with the trend continuing for seven consecutive trading days. After registering outflows of $544.1 million from June 17 to 21, the American Bitcoin exchange-traded funds continued the series as on June 24, the products witnessed a net outflow of $174.5 million, according to data from Farside Investors.


Grayscale’s ETF, GBTC, reported the largest net outflow – $90.4 million in a single day, followed by BlackRock’s IBIT – $35.2 million.
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More than 50% of investment managers are considering cryptocurrency investments.
According to Farside data, spot BTC ETFs have also experienced the largest outflows for a two-week period since their approval in January. During this period, investors have withdrawn a net total of $1.3 billion from the funds, according to YahooFinance.