{"id":82625,"date":"2024-06-26T05:09:34","date_gmt":"2024-06-26T09:09:34","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=82625"},"modified":"2024-06-26T05:09:44","modified_gmt":"2024-06-26T09:09:44","slug":"spot-bitcoin-etfs-end-7-day-outflow-streak","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/spot-bitcoin-etfs-end-7-day-outflow-streak\/","title":{"rendered":"Spot Bitcoin ETFs End 7-Day Outflow Streak"},"content":{"rendered":"\n

U.S. spot Bitcoin ETFs<\/a> saw $31 million net inflows on June 25, reversing a seven-day streak of $1.1 billion outflows, per SoSo Value data.<\/p>\n\n\n\n

\"Spot
Spot Bitcoin ETFs End 7-Day Outflow Streak<\/figcaption><\/figure>\n\n\n\n

On June 25, United States-based spot Bitcoin exchange-traded funds (ETFs)<\/a> experienced a reversal, with net inflows totaling $31 million, following a week of net outflows.<\/p>\n\n\n\n

The data from SoSo Value suggests a reversal from the previous seven consecutive trading days, during which there was a cumulative outflow of $1.1 billion from Bitcoin ETFs.<\/p>\n\n\n\n

The data indicates that the Fidelity Wise Origin Bitcoin Fund (FBTC) received the most net inflows on Tuesday, June 25, with $49 million. The Bitwise Bitcoin ETF (BITB) followed with $15 million in inflows, and the VanEck Bitcoin Trust ETF (HODL) received $4 million in net inflows.<\/p>\n\n\n\n

Conversely, the Grayscale Bitcoin Trust (GBTC) experienced net outflows of $30.3 million, while the ARK 21Shares Bitcoin ETF reported $6 million in net outflows.<\/p>\n\n\n\n

Nevertheless, on June 25, BlackRock's iShares Bitcoin Trust ETF (IBIT), the largest fund in terms of assets under management, did not experience any inflows. The same was true for ETFs from Franklin Templeton, Valkyrie, and Invesco Galaxy.<\/p>\n\n\n\n

Net inflows of $14.42 billion have been observed in the 11 Bitcoin funds that were established in January as of June 25.<\/p>\n\n\n\n

The most recent outflows from U.S.-based spot Bitcoin ETFs are the highest since April, when they reported total net outflows exceeding $1.2 billion between April 24 and the beginning of May.<\/p>\n\n\n\n

Prospective U.S. issuers are currently in the process of finalizing their registrations in preparation for the launch of spot Ether ETFs, following the U.S. Securities and Exchange Commission's (SEC) conditional approval of these funds in May.<\/p>\n\n\n\n

Recently, firms have been submitting amended Form S-1 registration statements<\/a> as part of the procedure. Eric Balchunas, a Bloomberg ETF analyst, has suggested that Spot Ether ETFs may commence trading in the United States by July 2.<\/p>\n\n\n\n

On June 25, VanEck, an investment manager, submitted a Form 8-A to the Securities and Exchange Commission (SEC) for its spot Ether ETF, thereby advancing it to the launch phase.<\/p>\n\n\n\n

According to TradingView data\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, the price of Bitcoin increased by 0.6% from $61,359 on June 25 to $61,732 at the time of publication.<\/p>\n","protected":false},"excerpt":{"rendered":"

U.S. spot Bitcoin ETFs saw $31 million net inflows on June 25, reversing a seven-day streak of $1.1 billion outflows, per SoSo Value data. On June 25, United States-based spot Bitcoin exchange-traded funds (ETFs) experienced a reversal, with net inflows totaling $31 million, following a week of net outflows. The data from SoSo Value suggests […]<\/p>\n","protected":false},"author":36,"featured_media":82637,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83],"tags":[152,899],"class_list":["post-82625","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-etfs"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/grayscale-bitcoin-etf.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/82625","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=82625"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/82625\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/82637"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=82625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=82625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=82625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}