Bitcoin ETF data shows a notable change in market sentiment. On June 11, 2024, Bitcoin ETFs experienced a total daily net outflow of $200.31 million, reflecting a recent decline in the cryptocurrency’s value. Let’s delve into the specifics of spot Bitcoin ETF figures.
Bitcoin ETF Figures
Analyzing the major ETFs, the Grayscale Bitcoin Trust (GBTC) recorded the largest net outflow at $121 million. Despite this, the ETF is still trading at a slight premium. Meanwhile, BlackRock’s Bitcoin ETF (IBIT), which recently surpassed Grayscale in total net assets, saw no net inflows or outflows while maintaining a 0.34% premium. This indicates sustained investor interest and confidence in the ETF, as the absence of outflows during a period of overall outflows suggests high investor expectations.
Other ETF Figures
The Fidelity WiseOrigin Bitcoin ETF (FBTC) witnessed a net outflow of $7 million but continued to trade at a 0.24% premium, signaling ongoing investor interest. Conversely, ARK Invest’s Bitcoin ETF (ARKB) experienced a significant net outflow of $56 million.
In addition, the VanEck Bitcoin ETF (HODL) reported a $4 million outflow, and Bitwise’s Bitcoin ETF noted a $12 million outflow. Despite these outflows, some Bitcoin ETFs saw balanced inflows and outflows, resulting in zero net change. Examples include Invesco, Valkyrie, Franklin, WisdomTree, and Hashdex’s Bitcoin ETFs.
Overall, these figures reveal a mixed market sentiment towards Bitcoin ETFs. Despite temporary setbacks, the fact that the ETFs are still trading at a premium and the continued confidence of investors underscore their perceived significance. Furthermore, the outflows have had an impact on Bitcoin’s price, which fell to $66,050 yesterday. As of the current moment, Bitcoin, the leading cryptocurrency, is trading at $67,304.
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Disclaimer: The information presented in this article should not be construed as investment advice. Investors should be aware of the high volatility and associated risks of cryptocurrencies and conduct their own research.