The post Spot Bitcoin ETF’s Record $545M Outflow In the Week appeared first on Coinpedia Fintech News
The spot Bitcoin ETFs have recorded significant outflows this week a total outflow of $545M was recorded sparking concerns over Bitcoin’s performance. Despite its brief recovery over the past 24 hours, Bitcoin’s price stayed in the red. The outflows occurred over 4 trading days, with the lowest single-day outflow recorded on Friday, June 21, at …
The post Spot Bitcoin ETF’s Record $545M Outflow In the Week appeared first on Coinpedia Fintech News
The spot Bitcoin ETFs have recorded significant outflows this week a total outflow of $545M was recorded sparking concerns over Bitcoin’s performance. Despite its brief recovery over the past 24 hours, Bitcoin’s price stayed in the red. The outflows occurred over 4 trading days, with the lowest single-day outflow recorded on Friday, June 21, at $105.9 million. Fidelity’s FBTC led the June 21 outflows with $44.8M. Grayscale’s GBTC and Ark 21 Shares ARKB recorded outflows of $34.2 million and $28.8 million, respectively, underscoring reduced investor confidence across major ETFs.
