US Spot Bitcoin ETFs End 19-Day Inflow Streak

12.06.2024

11 US spot Bitcoin ETFs recorded a net outflow of $64.93 million on Monday, ending a historic 19-day inflow streak. Grayscale’s GBTC led the outflows with $40 million, while Invesco and Galaxy Digital’s BTCO saw net outflows of $20 million. Valkyrie’s ETF reported redemptions of $16 million, and Fidelity’s FBTC experienced a net outflow of $3 million.

Despite the general trend, not all funds faced redemptions. BlackRock’s IBIT, the largest spot Bitcoin ETF by net assets, recorded a net inflow of $6 million. Similarly, Bitwise’s BITB attracted $8 million in new investments, indicating continued confidence in the market.