The constant inflows of the spot Bitcoin (BTC) exchange-traded funds (ETFs) in the U.S. have come to an end after four weeks.
According to data provided by Farside Investors, spot BTC ETFs in the U.S. recorded .9 million in net outflows on June 10 — ending their four-week winning streak. The majority of the outflows belong to Grayscale Bitcoin Trust (GBTC) — registering .5 million in outflows.
The Invesco Galaxy Bitcoin ETF (BTCO), Valkyrie Bitcoin Fund (BRRR) and Fidelity Wise Origin Bitcoin Fund (FBTC) each saw .5 million, .8 million and million in outflows, respectively.
On the other hand, only Bitwise Bitcoin ETF (BITB) and iShares Bitcoin Trust (IBIT) recorded inflows of .6 million and .3 million, respectively.
It’s important to note that the total net inflows of spot BTC ETFs in the U.S. have surpassed the .6 billion mark, thanks to the four weeks of constant inflows — recorded over billion in net inflows between May 13 and June 7.
The bearish sentiment comes as investors take a cautious approach ahead of the U.S. CPI data release, scheduled for June 12. Last month, the CPI came at 3.4%, as expected, which eventually brought market-wide bullish sentiment.
Consequently, the global crypto market capitalization declined by 2.8% in the past 24 hours and is hovering at .59 trillion, according to data from CoinGecko.
Bitcoin plunged to ,600 and Ethereum (ETH) is closing down to the ,500 mark. At this point, 94 of the leading 100 cryptocurrencies are wandering in the red zone.
Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
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