Fourth Straight Day of 15242 Million Outflow for US Bitcoin ETFs

Tuesday, June 18 saw a significant development in the world of Bitcoin ETFs, as there were no inflows reported. This marked the first time such an event had occurred. Among the 11 ETFs, Fidelity’s FBTC experienced the highest outflow, totaling $83 million. Over the past four trading sessions, there has been a net outflow of $152.42 million from U.S. spot Bitcoin exchange-traded funds, leading to a pause in the market. The total net inflows for the eleven spot Bitcoin ETFs stood at $14.81 billion as of Tuesday, a decrease from the previous high of $15.69 billion on June 7. The market share is currently dominated by industry leaders BlackRock and Fidelity. Despite recent outflows and a lack of enthusiasm, the Bitcoin price is trying to stay above $65,000. Additionally, Australian spot Bitcoin ETFs have been receiving small inflows since their launch last week. A recent analysis by CryptoQuant experts suggests a potential 8% to 12% correction in Bitcoin’s price, possibly dropping it to around $60,000. In other news, a DJT Memecoin with a Trump theme has been reportedly created by Martin Shkreli.