US Bitcoin ETFs Record Modest Losses With $13.62M Outflows on Tuesday
U.S. spot bitcoin exchange-traded funds experienced slight losses on Tuesday, with $13.62 million in outflows recorded. Grayscale’s GBTC was the primary contributor, losing $31.38 million during the trading sessions.
Blackrock’s IBIT Secures Top Spot With $14.12M Inflows Amidst ETF Outflows
Following inflows on Monday, the 11 spot bitcoin ETFs saw a modest decrease the next day. Tuesday’s divestments totaled approximately $13.62 million, with a trading volume of around $995.83 million. Grayscale’s GBTC led the outflows, shedding $31.38 million, but gains from other funds mitigated these losses. Bitwise’s BITB also declined, losing $6.76 million throughout the day.
Blackrock’s IBIT achieved the highest inflows on Tuesday, securing $14.12 million. Fidelity’s FBTC absorbed $5.42 million, while Ark Invest and 21shares’ ARKB collected $2.48 million. Vaneck’s HODL managed to gain about $3.51 million. BTCO, BRRR, EZBC, BTCW, and DEFI recorded neutral trading sessions, according to sosovalue.xyz metrics.
Tuesday’s outflow brings the cumulative total net inflow for all 11 ETFs to $14.64 billion. As of July 3, these funds collectively hold $53.73 billion in bitcoin reserves. IBIT is the largest fund in terms of reserves, holding 307,206.23 BTC, while GBTC controls 275,259.50 BTC. Thus, out of the $53.73 billion in BTC reserves, $35.12 billion is managed by Blackrock’s IBIT and Grayscale’s GBTC.
Source: https://news.bitcoin.com/us-bitcoin-etfs-record-modest-losses-with-13-62m-outflows-on-tuesday/
Topic: [2024-07-03] US Bitcoin ETFs Record Modest Losses With $13.62M Outflows ... (Read 47 times)
July 03, 2024, 09:03:09 AM
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