{"id":23208,"date":"2024-06-21T09:40:11","date_gmt":"2024-06-21T06:40:11","guid":{"rendered":"https:\/\/coinengineer.io\/?p=23208"},"modified":"2024-06-21T09:40:11","modified_gmt":"2024-06-21T06:40:11","slug":"bitcoin-etf-outflows-continue-for-fifth-day","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoin-etf-outflows-continue-for-fifth-day\/","title":{"rendered":"Bitcoin ETF Outflows Continue for Fifth Consecutive Day"},"content":{"rendered":"<p>With $139.88 million leaving the funds on Thursday, spot bitcoin ETF (exchange-traded funds) in the U.S. observed their fifth straight day of net outflows.<\/p>\n<p>With a daily net outflow of $53 million, Grayscale&#8217;s GBTC led the pack yesterday, closely followed by Fidelity&#8217;s FBTC, which showed withdrawals of $51 million, based on <a href=\"https:\/\/sosovalue.xyz\/assets\/etf\/us-btc-spot\">data from SoSoValue.<\/a> Bitwise&#8217;s BITB reported $32 million in net outflows; VanEck&#8217;s ETF recorded net outflows of $4 million. Net outflows from the Invesco and Galaxy Digital funds came to $2 million.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-etf-outflows-continue-for-fifth-day\/#Grayscale_and_Fidelity_Lead_in_Bitcoin_ETF_Withdrawals\" title=\"Grayscale and Fidelity Lead in Bitcoin ETF Withdrawals\">Grayscale and Fidelity Lead in Bitcoin ETF Withdrawals<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-etf-outflows-continue-for-fifth-day\/#BlackRock_Stands_Out_with_Net_Inflows_Amid_Market_Outflows\" title=\"BlackRock Stands Out with Net Inflows Amid Market Outflows\">BlackRock Stands Out with Net Inflows Amid Market Outflows<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Grayscale_and_Fidelity_Lead_in_Bitcoin_ETF_Withdrawals\"><\/span>Grayscale and Fidelity Lead in Bitcoin ETF Withdrawals<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The sole net inflows came from BlackRock&#8217;s IBIT, the biggest spot bitcoin ETF based on net asset value. On Thursday, IBIT saw $565 million in daily trade volume and $1 million in net inflows. Other funds from Ark Invest, Valhalla, Franklin Templeton, WisdomTree, and Hashdex saw zero flows.<\/p>\n<p><span style=\"color: #0000ff;\"><em>This Might Interest You: <a style=\"color: #0000ff;\" href=\"https:\/\/coinengineer.net\/blog\/fdusd-trading-dynamics-shift-after-binance-update\/\">FDUSD Trading Dynamics Shift After Binance Update<\/a><br \/>\n<\/em><\/span><\/p>\n<p>On Thursday, the ETFs traded overall at $1.16 billion, down from Tuesday&#8217;s $1.7 billion. As of Thursday, the 11-spot bitcoin funds had a net inflow of $14.67 billion overall since their launch in January. Wednesday was a public holiday; hence, the market closed.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"BlackRock_Stands_Out_with_Net_Inflows_Amid_Market_Outflows\"><\/span>BlackRock Stands Out with Net Inflows Amid Market Outflows<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>In the past 24 hours, bitcoin dropped 1% to $64,471 at the time of writing. Regarding related ETF news, on Thursday, Australia&#8217;s biggest stock market, ASX, announced its first bitcoin ETF space. Operating as a feeder fund, the VanEck Bitcoin ETF invests in the U.S.-listed VanEck Bitcoin Trust (HODL) to expose bitcoin. Though spot crypto ETFs since 2022, the inclusion of the bitcoin fund in ASX apparently represents attempts to meet the crypto ETF momentum in the United States and Hong Kong.<\/p>\n<p>U.S. ETF issuers are meanwhile striving for the release of the first batch of spot ether funds for their nation. Two sources claim that last week issuers got remarks from the Securities and Exchange Commission on the S-1 forms for ETFs. These days, they are trying to return the changed paperwork by Friday.<\/p>\n<p>&nbsp;<\/p>\n<p><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/strong><\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">news<\/a> and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>With $139.88 million leaving the funds on Thursday, spot bitcoin ETF (exchange-traded funds) in the U.S. observed their fifth straight day of net outflows. With a daily net outflow of $53 million, Grayscale&#8217;s GBTC led the pack yesterday, closely followed by Fidelity&#8217;s FBTC, which showed withdrawals of $51 million, based on data from SoSoValue. Bitwise&#8217;s<\/p>\n","protected":false},"author":6,"featured_media":9798,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[534,535,3289],"class_list":["post-23208","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin-etf","tag-blackrock","tag-fidelity"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin ETF Outflows Continue for Fifth Consecutive Day - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-etf-outflows-continue-for-fifth-day\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin ETF Outflows Continue for Fifth Consecutive Day - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"With $139.88 million leaving the funds on Thursday, spot bitcoin ETF (exchange-traded funds) in the U.S. observed their fifth straight day of net outflows. 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