{"id":24318,"date":"2024-07-04T15:00:25","date_gmt":"2024-07-04T12:00:25","guid":{"rendered":"https:\/\/coinengineer.io\/?p=24318"},"modified":"2024-07-04T10:12:26","modified_gmt":"2024-07-04T07:12:26","slug":"u-s-bitcoin-etfs-see-21-million-daily-net-outflows","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/u-s-bitcoin-etfs-see-21-million-daily-net-outflows\/","title":{"rendered":"U.S. Bitcoin ETFs See $20.45 Million Daily Net Outflows Amid Market Decline"},"content":{"rendered":"<p>U.S. spot Bitcoin ETFs see $20.45 million in net outflows amid declining trading volume.<strong> Spot Ethereum ETFs<\/strong> await <strong>SEC<\/strong> approval for potential listing.<\/p>\n<p>The 11 spot <strong>bitcoin exchange-traded funds (ETFs)<\/strong> in the U.S. experienced total daily net outflows of $20.45 million on Wednesday. Only two funds saw net flows, while the remaining recorded zero flows.<\/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\/u-s-bitcoin-etfs-see-21-million-daily-net-outflows\/#ETF_Performance_and_Market_Impact\" title=\"ETF Performance and Market Impact\">ETF Performance and Market Impact<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/u-s-bitcoin-etfs-see-21-million-daily-net-outflows\/#Spot_Ethereum_ETFs_Await_Approval\" title=\"Spot Ethereum ETFs Await Approval\">Spot Ethereum ETFs Await Approval<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"ETF_Performance_and_Market_Impact\"><\/span>ETF Performance and Market Impact<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Grayscale\u2019s GBTC<\/strong> reported daily net outflows of $26.99 million, which were countered by $6.55 million in net inflows from Fidelity\u2019s FBTC, according to data from SoSoValue. The other nine ETFs, including BlackRock\u2019s IBIT, logged zero flows. The 11 bitcoin funds had around $800 million in trading volume on Wednesday, lower than Tuesday\u2019s volume of $995 million. This recent trading volume is significantly lower than in March, when they saw daily volumes of around eight to ten billion dollars. Since their January inception, the ETFs have accumulated a total net inflow of $14.62 billion.<\/p>\n<p><a href=\"https:\/\/coinengineer.net\/blog\/nvidia-faces-antitrust-investigation-over-ai-and-gpu-dominance\/\"><em><span style=\"font-weight: 400;\">This Might Interest You: Nvidia Faces Antitrust Investigation Over AI and GPU Dominance<\/span><\/em><\/a><\/p>\n<p>The price of <strong>bitcoin<\/strong> dropped 3.85% in the past 24 hours to $58,696 at the time of publication, while the entire crypto market is down 2.50%, according to TradingView.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Spot_Ethereum_ETFs_Await_Approval\"><\/span>Spot Ethereum ETFs Await Approval<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Meanwhile, U.S. issuers still await the final green light from the U.S. Securities and Exchange Commission (SEC) on spot <strong>Ethereum ETFs<\/strong>. <strong>The SEC<\/strong> approved 19b-4 forms for eight spot Ethereum ETFs on May 23, and issuers have filed amended S-1 registrations to the agency for review. Bloomberg ETF analyst James Seyffart said on X that spot Ether funds might be listed later next week or the week of July 15.<\/p>\n<p><em><a href=\"https:\/\/t.me\/coinengineernews\"><span style=\"font-weight: 400;\">Click here to get the latest news from Coin Engineer!<\/span><\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. spot Bitcoin ETFs see $20.45 million in net outflows amid declining trading volume. Spot Ethereum ETFs await SEC approval for potential listing. The 11 spot bitcoin exchange-traded funds (ETFs) in the U.S. experienced total daily net outflows of $20.45 million on Wednesday. Only two funds saw net flows, while the remaining recorded zero flows.<\/p>\n","protected":false},"author":6,"featured_media":13615,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,1,2],"tags":[61,534,5733,5866],"class_list":["post-24318","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-genel","category-news","tag-bitcoin","tag-bitcoin-etf","tag-blackrock-ibit","tag-grayscale-gbtc"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>U.S. Bitcoin ETFs See $20.45 Million Daily Net Outflows Amid Market Decline - 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\/u-s-bitcoin-etfs-see-21-million-daily-net-outflows\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.S. Bitcoin ETFs See $20.45 Million Daily Net Outflows Amid Market Decline - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"U.S. spot Bitcoin ETFs see $20.45 million in net outflows amid declining trading volume. Spot Ethereum ETFs await SEC approval for potential listing. The 11 spot bitcoin exchange-traded funds (ETFs) in the U.S. experienced total daily net outflows of $20.45 million on Wednesday. Only two funds saw net flows, while the remaining recorded zero flows.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/u-s-bitcoin-etfs-see-21-million-daily-net-outflows\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-04T12:00:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-04T07:12:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/Bitcoin-ETFs-.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\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\/u-s-bitcoin-etfs-see-21-million-daily-net-outflows\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/u-s-bitcoin-etfs-see-21-million-daily-net-outflows\/\",\"name\":\"U.S. Bitcoin ETFs See $20.45 Million Daily Net Outflows Amid Market Decline - 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