Outflows from spot Bitcoin ETFs reached $4.4 billi
#World Cup Predictions: 100,000 USDT Daily #BTC Prophet: 20-Day 380 Million HTX Challenge #HTX Creation Challenge — Post and Win 1,500U 💥 Outflows from spot Bitcoin ETFs reached $4.4 billion in 13 days, marking the longest streak since launch
Spot Bitcoin exchange-traded funds (ETFs) have experienced 13 consecutive days of outflows, with the total amount withdrawn reaching $4.4 billion. This marks the longest uninterrupted period of outflows since these products began trading. The data indicates that institutional demand to access Bitcoin via regulated channels has weakened in the short term.
BlackRock’s IBIT takes largest share of withdrawals
On June 3, single-day outflows from spot Bitcoin ETFs amounted to $396.6 million. Over the latest 13-day streak, total withdrawals have been calculated at approximately $4.4 billion. According to Galaxy Research, in a broader 20-day window, funds have offloaded 73,080 BTC, worth around $5.42 billion. Over the past 7 days, 39,338 BTC exited ETFs, while the 10-day tally reached 42,941 BTC.
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