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06/23 07:04

Grayscale’s GBTC Leads $227M Bitcoin ETF Weekly Ou

#World Cup Predictions: 100,000 USDT Daily Grayscale’s GBTC Leads $227M Bitcoin ETF Weekly Outflow as HYPE Funds Add $28M Altcoin ETFs Gain Momentum as Bitcoin Funds Post Sixth Weekly Outflow The market had one less trading day for the week due to the U.S. Juneteenth holiday, but the message was not hard to read. Bitcoin exchange-traded funds (ETFs) remained under pressure, extending their weekly outflow streak to six consecutive weeks. Ether funds were nearly flat, but still negative. At the same time, investors continued to add capital to newer and more targeted crypto ETF products, with $HYPE leading the way. Bitcoin and Ether Remain Under Pressure Bitcoin spot ETFs recorded $226.8 million in net outflows for the week. The selling was not as severe as earlier in June, but it was enough to keep the category in a clear downtrend. Grayscale’s GBTC was the largest drag, losing $156.3 million. Ark & 21Shares’ ARKB followed with $50.1 million in outflows, while Blackrock’s IBIT shed $44.7 million. Other redemptions came from Vaneck’s HODL, which lost $14.6 million, Invesco’s BTCO with $6.4 million, and Franklin’s EZBC with $5.8 million. There were offsets. Morgan Stanley’s MSBT added $25.8 million, Grayscale’s Bitcoin Mini Trust brought in $15 million, and Fidelity’s FBTC gained $9.6 million. But those inflows could not fully repair the week’s damage. The wider backdrop remains difficult. According to Galaxy Research, U.S. spot bitcoin ETFs posted $6.35 billion in net outflows over the past 30 days, the largest rolling 30-day outflow on record across 582 tracked windows. That points to a sustained institutional pullback, not just a few weak sessions. Source: Galaxy Research Ether ETFs also finished the week in negative territory, though only slightly. The category recorded $10 million in net outflows. Monday and Tuesday offered some support, but redemptions later in the week erased much of the early strength. The result was not a collapse. It was more of a st

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