Bitcoin spot ETFs experienced a $316 million net outflow last week, marking the fifth consecutive week of outflows.

iconChainthink
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
AI summary iconSummary

expand icon
Bitcoin ETF news shows a net outflow of $316 million for Bitcoin spot ETFs in the week ending June 12, marking the fifth consecutive week of withdrawals, according to SoSoValue. BlackRock’s IBIT led with $355 million in outflows, while Grayscale’s GBTC lost $87.91 million. Fidelity’s FBTC was the only major ETF to see gains, with $55.70 million in inflows. Bitcoin news continues to highlight shifting investor sentiment in the ETF space.

ChainThink reports, according to SoSoValue data, during the previous trading week from June 8 to June 12 Eastern Time, Bitcoin spot ETFs experienced a net outflow of $316 million, marking five consecutive weeks of net outflows.

Last week, the Bitcoin spot ETF with the largest net outflow was BlackRock’s IBIT, with a weekly net outflow of $355 million; the product has now accumulated a total historical net inflow of $62.11 billion.

Second is the Grayscale Bitcoin Trust (GBTC), with a weekly net outflow of $879.14 million and a total historical net outflow of $26.85 billion.

Last week, the Bitcoin spot ETF with the highest net inflow was Fidelity’s FBTC, with a weekly net inflow of $55.696 million, bringing its total historical net inflow to $10.45 billion.

As of the time of publication, the total net asset value of spot Bitcoin ETFs is $79.65 billion, with an ETF net asset ratio (market capitalization as a percentage of Bitcoin’s total market cap) of 6.26%, and cumulative net inflows to date reaching $53.62 billion.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.