Third straight buying and selling day of Bitcoin ETF outflows: $145.9M pulled

Fast Take

Farside information reveals that on June 17, Bitcoin (BTC) exchange-traded funds (ETFs) skilled one other day of great outflows, totaling $145.9 million. This marks the third consecutive buying and selling day of outflows and the fifth outflow up to now six buying and selling days.

The biggest outflow was from Constancy’s FBTC, which noticed a $92.zero million discount, bringing its complete internet influx to $9.Three billion. Ark’s ARKB adopted with a $50.zero million outflow, decreasing its complete internet influx to $2.four billion. Grayscale’s GBTC skilled a smaller outflow of $3.zero million, pushing its complete internet outflows to $18.2 billion. In distinction, BlackRock’s IBIT recorded no inflows or outflows, sustaining its complete internet influx at $17.6 billion. General, the full internet inflows for BTC ETFs now stand at $15 billion.

Bitcoin ETF Flow Table: (Source: Farside) — Bitcoin ETF Move Desk: (Supply: Farside)

This development coincides with Bitcoin’s worth drop to $64,600, its lowest since Could 16, reflecting a greater than 11% decline from its all-time excessive. Whereas Bitcoin’s dominance continues to climb, reaching 56.2%, it marks the second-highest degree of the 12 months.

BTC Dominance: (Source: TradingView) — BTC Dominance: (Supply: TradingView)

Disclaimer: Our writers’ opinions are solely their very own and don’t replicate the opinion of CryptoSlate. Not one of the data you learn on CryptoSlate ought to be taken as funding recommendation, nor does CryptoSlate endorse any mission which may be talked about or linked to on this article. Shopping for and buying and selling cryptocurrencies ought to be thought-about a high-risk exercise. Please do your individual due diligence earlier than taking any motion associated to content material inside this text. Lastly, CryptoSlate takes no accountability do you have to lose cash buying and selling cryptocurrencies.

Source link –