US spot bitcoin ETFs returned to net outflows yesterday | Headlines | News | CoinMarketCap

07/03/2024 11:58
US spot bitcoin ETFs returned to net outflows yesterday | Headlines | News | CoinMarketCap

The 11 U.S. spot bitcoin exchange-traded funds saw total daily net outflows of $13.62 million on Tuesday, returning to negative flows after five …

The 11 U.S. spot bitcoin exchange-traded funds saw total daily net outflows of $13.62 million on Tuesday, returning to negative flows after five straight days of inflows.

Grayscale’s GBTC saw net outflows of $32.38 million, followed by Bitwise’s BITB, which lost $6.76 million, according to SosoValue data.

On the other hand, BlackRock’s IBIT had $14.12 million worth of inflows, and Fidelity’s FBTC saw inflows worth $5.42 million. VanEck’s bitcoin fund recorded $3.51 million, and Ark Invest and 21Shares’ ARKB reported $2.48 million in net inflows on Tuesday.

The 11 bitcoin funds had less than $1 billion in trading volume on Tuesday, which is significantly lower than the height of March trading with a daily volume of around eight to ten billion dollars. The ETFs have accumulated a total …

Read more --->