GBTC - Bitcoin Spot ETFs Bleed For the Fifth Straight Day Record $140M In Outflows On Thursday | Benzinga
U.S.-based Bitcoin (CRYPTO: BTC) spot exchange-traded funds experienced net outflows for the fifth consecutive day, signaling weak investor sentiment in the world's largest digital currency.
What Happened: The 11 investment vehicles tracking Bitcoin's spot price saw a net exit of nearly $140 million Thursday, according to Spot On Chain.
🚨 #ETF Net Inflow June 20, 2024: -$140M! — Spot ...
• The net inflow has been negative for 5 consecutive days.
• Only #BlackRock (IBIT) experienced a small inflow of $1.5M yesterday.
• #Grayscale (GBTC) experienced the highest outflow of the day at $53M. This ETF has suffered a… pic.twitter.com/XC6n5bJl5D