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The U.S. spot Bitcoin ETF recorded net outflows of $65 million on June 10, ending its 19th consecutive day of inflows.
According to data from Farside Investors, the last day to see net outflows from all U.S. spot Bitcoin ETFs was May 10, when investors withdrew $84.7 million from the investments.
Grayscale’s GBTC ETF recorded net outflows of nearly $40 million on June 10, and outflows now exceed $113 million over three consecutive days of outflows.
BlackRock’s IBIT ETF also showed a sharp decline, with inflows plummeting to $6.3 million on June 10, compared to $168.3 million on June 7, the day before trading.
Invesco and Galaxy Digital’s BTCO ETF and Valkyrie Digital Assets’ BRRR ETF both recorded outflows of $20.5 million and $15.8 million, respectively, on June 10.
These outflows stand in stark contrast to the strong inflows seen last week. BlackRock’s IBIT ETF and Fidelity’s FBTC together saw inflows of more than $1.6 billion, putting them among the top 10 ETFs receiving inflows across all categories, according to analytics platform etf.com. .
These outflows come as the price of Bitcoin falls more than 3% ahead of tomorrow’s FOMC meeting and CPI report.
The leading cryptocurrency fell 3.6% to $66,791 over the past 24 hours, according to CoinGecko. Bitcoin has since recovered slightly to its current price below $67,000.
Bitcoin derivatives traders recorded more than $50 million in liquidations in the last 24 hours, with long positions accounting for $44.34 million of the total liquidations, according to data from Coinglass.
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