{"id":23517,"date":"2024-06-25T11:30:23","date_gmt":"2024-06-25T08:30:23","guid":{"rendered":"https:\/\/coinengineer.io\/?p=23517"},"modified":"2024-06-25T11:03:42","modified_gmt":"2024-06-25T08:03:42","slug":"bitcoin-etf-outflows-total-174-on-sixth","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoin-etf-outflows-total-174-on-sixth\/","title":{"rendered":"Bitcoin ETF Outflows Total $174M on Sixth Consecutive Day"},"content":{"rendered":"<p>On Monday, U.S. <strong>spot bitcoin ETF<\/strong> saw a total daily net outflow of $174.45 million, the sixth consecutive day of negative flows.<\/p>\n<p>Data from SosoValue shows Grayscale&#8217;s GBTC leading the pack of outflows with $90 million, followed by Fidelity&#8217;s FBTC, which experienced $35 million worth of outflows yesterday.<\/p>\n<p>Franklin Templeton&#8217;s EZBC shows $20.8 million in net outflows\u2014the first since May 2. On Monday, many other funds witnessed net outflows: VanEck&#8217;s HODL saw $10 million; Bitwise&#8217;s BITB saw $8 million; the ARKB fund from Ark Invest and 21Shares saw $7 million in outflows. Additionally disclosing $2 million were Invesco and Galaxy Digital&#8217;s BTCO.<\/p>\n<p>Along with funds from Valkyrie, WisdomTree, and Hashdex, BlackRock&#8217;s IBIT\u2014the biggest <strong>spot bitcoin ETF<\/strong> in terms of net asset value\u2014recorded zero flows on Monday. Not one fund showed net inflows.<\/p>\n<p>The withdrawals coincided with <strong>Bitcoin&#8217;s<\/strong> lowest point in almost six weeks, as the price momentarily dropped under the $60,000 mark on Monday. At publication time, it is changing hands at $61,191\u2014down 2.36% in the past 24 hours.<\/p>\n<p>The price drop of <strong>bitcoin<\/strong> coincided with a significant disclosure from Mt. Gox, the defunct <strong>bitcoin<\/strong> exchange that filed for bankruptcy in 2014 following many attack incidents. On Monday, Mt. Gox revealed that, starting in July, it intends to send creditors $9 billion worth of <strong>bitcoin and bitcoin cash<\/strong> returns.<\/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>On Monday, U.S. spot bitcoin ETF saw a total daily net outflow of $174.45 million, the sixth consecutive day of negative flows. Data from SosoValue shows Grayscale&#8217;s GBTC leading the pack of outflows with $90 million, followed by Fidelity&#8217;s FBTC, which experienced $35 million worth of outflows yesterday. Franklin Templeton&#8217;s EZBC shows $20.8 million in<\/p>\n","protected":false},"author":6,"featured_media":9746,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[61,1096,1662],"class_list":["post-23517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-grayscale","tag-spot-bitcoin-etf"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin ETF Outflows Total $174M on Sixth 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-total-174-on-sixth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin ETF Outflows Total $174M on Sixth Consecutive Day - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"On Monday, U.S. spot bitcoin ETF saw a total daily net outflow of $174.45 million, the sixth consecutive day of negative flows. Data from SosoValue shows Grayscale&#8217;s GBTC leading the pack of outflows with $90 million, followed by Fidelity&#8217;s FBTC, which experienced $35 million worth of outflows yesterday. Franklin Templeton&#8217;s EZBC shows $20.8 million in\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/bitcoin-etf-outflows-total-174-on-sixth\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-25T08:30:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-25T08:03:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/Bitcoin-Spot-ETF.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"674\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/bitcoin-etf-outflows-total-174-on-sixth\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/bitcoin-etf-outflows-total-174-on-sixth\/\",\"name\":\"Bitcoin ETF Outflows Total $174M on Sixth Consecutive Day - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/bitcoin-etf-outflows-total-174-on-sixth\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/bitcoin-etf-outflows-total-174-on-sixth\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/Bitcoin-Spot-ETF.webp\",\"datePublished\":\"2024-06-25T08:30:23+00:00\",\"dateModified\":\"2024-06-25T08:03:42+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\"},\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/bitcoin-etf-outflows-total-174-on-sixth\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/bitcoin-etf-outflows-total-174-on-sixth\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/bitcoin-etf-outflows-total-174-on-sixth\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/Bitcoin-Spot-ETF.webp\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/Bitcoin-Spot-ETF.webp\",\"width\":1200,\"height\":674,\"caption\":\"Bitcoin Spot ETF\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/bitcoin-etf-outflows-total-174-on-sixth\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin ETF Outflows Total $174M on Sixth Consecutive Day\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\",\"name\":\"Tanju Akb\u0131y\u0131k\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g\",\"caption\":\"Tanju Akb\u0131y\u0131k\"},\"url\":\"https:\/\/coinengineer.net\/blog\/author\/cetanju\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bitcoin ETF Outflows Total $174M on Sixth Consecutive Day - Coin Engineer","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinengineer.net\/blog\/bitcoin-etf-outflows-total-174-on-sixth\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin ETF Outflows Total $174M on Sixth Consecutive Day - Coin Engineer","og_description":"On Monday, U.S. spot bitcoin ETF saw a total daily net outflow of $174.45 million, the sixth consecutive day of negative flows. 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