Bitcoin spot ETF broke inflow streak for 19 consecutive days, BTC dropped to 67,000 USD
Bitcoin spot ETFs in the US just witnessed an outflow of up to 64.93 million USD on trading day June 10, ending the longest streak of 19 consecutive days of inflow. Fidelity's FBTC fund also recorded its first outflow since May 2.
image
On June 10, 11 Bitcoin spot ETFs saw outflows of $64.93 million, ending the longest streak of 19 consecutive days of inflows since launch.
Grayscale's GBTC fund had the largest net withdrawals, with a total of $40 million. The BTCO and Valkyrie funds also recorded outflows of $20 million and $16 million, respectively.
In contrast, the largest Bitcoin spot ETF, BlackRock's IBIT, saw positive inflows of $6 million, while Bitwise's BITB fund recorded $8 million inflows.
Fidelity's FBTC fund had an outflow of $3 million, marking the first outflow since May 2.
With 16.94 million USD in outflow, BItcoin Spot ETFs also ended a streak of 19 consecutive days of inflow, attracting more than 4 billion USD in inflow.
The performance of ETFs reacts immediately to the price of the king coin. BTC dropped from 70,100 USD to around 67,200 USD in just 1 day.
According to QCP Capital, the reason BTC prices fell and Bitcoin spot ETFs saw net outflows was due to inconsistencies in the reporting of non-farm employment and the unemployment rate in the US creating a dreamy picture. economic lake. This makes investors worried and turn away from assets like Bitcoin.
Besides, ETH also followed BTC, down 4% in 24 hours and is currently trading around the $3,500 mark.
Issuers of Ethereum spot ETFs in the US are still waiting for a response from the SEC on the decision to approve the S-1 filing filed at the end of May. They need to get the S-1 form approved by the SEC to be able to officially approve the S-1 filing. officially launched its Ethereum spot ETF.
The market is "holding its breath" waiting for news about the US CPI, an important indicator of inflation, as well as the meeting of the Federal Open Market Committee (FOMC) scheduled to take place at the end of the year. this week.
