Spot Bitcoin ETFs See $64.9 Million Outflows

According to data from Farside Investors, spot BTC ETFs in the US experienced a decrease of $64.9 million in net flows on June 10, ending their four-week period of consecutive gains.

The majority of the outflows were attributed to Grayscale Bitcoin Trust (GBTC), which saw a decrease of $39.5 million.

Other BTC ETFs such as Invesco Galaxy Bitcoin ETF (BTCO), Valkyrie Bitcoin Fund (BRRR), and Fidelity Wise Origin Bitcoin Fund (FBTC) also saw net outflows of $20.5 million, $15.8 million, and $3 million respectively.

On the other hand, only Bitwise Bitcoin ETF (BITB) and iShares Bitcoin Trust (IBIT) recorded inflows of $7.6 million and $6.3 million respectively.

The total net inflows for spot BTC ETFs in the US have exceeded $15.6 billion thanks to the consistent inflows over the past four weeks, with over $4 billion recorded between May 13 and June 7.