{"id":24204,"date":"2024-07-03T15:00:43","date_gmt":"2024-07-03T12:00:43","guid":{"rendered":"https:\/\/coinengineer.io\/?p=24204"},"modified":"2024-07-03T10:34:45","modified_gmt":"2024-07-03T07:34:45","slug":"bitcoin-etfs-face-13-62m-daily-net-outflows-after-consecutive-inflows","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoin-etfs-face-13-62m-daily-net-outflows-after-consecutive-inflows\/","title":{"rendered":"Bitcoin ETFs Face $13.62M Daily Net Outflows After Consecutive Inflows"},"content":{"rendered":"<p>After five straight days of inflows, the 11 U.S. spot <strong>bitcoin exchange-traded funds (ETFs)<\/strong> saw total daily net withdrawals of $13.62 million on Tuesday, reversing flows.<\/p>\n<h2>ETF Performance and Market Dynamics<\/h2>\n<p>SosoValue data shows that <strong>Grayscale&#8217;s GBTC<\/strong> saw net withdrawals of $32.38 million and then Bitwise&#8217;s BITB lost $6.76 million. BlackRock&#8217;s IBIT saw $14.12 million in inflows, while Fidelity&#8217;s FBTC noted $5.42 million. The bitcoin fund of VanEck received $3.51 million in inflows; on Tuesday, ARKB from Ark Invest and 21Shares recorded net inflows of $2.48 million.<\/p>\n<p><a href=\"https:\/\/coinengineer.net\/blog\/binance-spot-expands-trading-options-with-new-listings-and-discounted-usdc-fees\/\"><em><span style=\"font-weight: 400;\">This Might Interest You: Binance Spot Expands Trading Options with New Listings and Discounted USDC Fees<br \/>\n<\/span><\/em><\/a><br \/>\nThough these inflows, the 11 bitcoin funds had less than $1 billion in trading activity on Tuesday, far less than the daily volume of eight to ten billion dollars seen during the height of March trading. The ETFs have gathered a net inflow of $14.64 billion overall since their January launch.<\/p>\n<p>The Bitcoin&#8217;s price shows that the value of bitcoin declined 2.86% over the previous 24 hours to $61,067 at the time of publishing. This price drop happened in spite of a Standard Chartered analysis showing that the top cryptocurrency would hit its all-time high in August and then rise to $100,000 in conjunction with the U.S. presidential election in November.<\/p>\n<p>Standard Chartered further projected that bitcoin prices may drop much more to the region of $50,000 to $55,000 in a &#8220;least likely&#8221; situation wherein the current U.S. President Joe Biden withdraws from the election run.<\/p>\n<p><a href=\"https:\/\/t.me\/coinengineernews\"><span style=\"font-weight: 400;\">Click here to get the latest news from Coin Engineer!<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After five straight days of inflows, the 11 U.S. spot bitcoin exchange-traded funds (ETFs) saw total daily net withdrawals of $13.62 million on Tuesday, reversing flows. ETF Performance and Market Dynamics SosoValue data shows that Grayscale&#8217;s GBTC saw net withdrawals of $32.38 million and then Bitwise&#8217;s BITB lost $6.76 million. BlackRock&#8217;s IBIT saw $14.12 million<\/p>\n","protected":false},"author":6,"featured_media":13677,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,1,2],"tags":[61,2072,7146],"class_list":["post-24204","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-genel","category-news","tag-bitcoin","tag-bitcoin-etfs","tag-bitcoin-exchange-traded-funds-etfs"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin ETFs Face $13.62M Daily Net Outflows After Consecutive Inflows - 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-etfs-face-13-62m-daily-net-outflows-after-consecutive-inflows\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin ETFs Face $13.62M Daily Net Outflows After Consecutive Inflows - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"After five straight days of inflows, the 11 U.S. spot bitcoin exchange-traded funds (ETFs) saw total daily net withdrawals of $13.62 million on Tuesday, reversing flows. ETF Performance and Market Dynamics SosoValue data shows that Grayscale&#8217;s GBTC saw net withdrawals of $32.38 million and then Bitwise&#8217;s BITB lost $6.76 million. BlackRock&#8217;s IBIT saw $14.12 million\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/bitcoin-etfs-face-13-62m-daily-net-outflows-after-consecutive-inflows\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-03T12:00:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-03T07:34:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/tempory-110.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"760\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\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-etfs-face-13-62m-daily-net-outflows-after-consecutive-inflows\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/bitcoin-etfs-face-13-62m-daily-net-outflows-after-consecutive-inflows\/\",\"name\":\"Bitcoin ETFs Face $13.62M Daily Net Outflows After Consecutive Inflows - 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