Bitcoin ETFs Lose $1.3B in 2 Weeks

Reading Time: < 1 minute

During the past two weeks, outflows from United States-based Bitcoin exchange-traded funds (ETFs) have reached a total of $1.3 billion due to the declining price of Bitcoin.

As reported by Farside Investors, Grayscale has seen the highest outflows at $517.3 million, making it the leader in this category.

However, BlackRock’s Bitcoin ETF has bucked the trend and received $43.1 million in inflows during the same period.

This follows an 11.6% drop in Bitcoin’s price, from $69,476 on June 10 to $61,359 at the time of writing, according to TradingView.

These recent outflows are the largest since April, when Bitcoin ETFs saw a net outflow of $1.2 billion between April 24 and the beginning of May.

If you like our content and want to support us, please follow us on X, Facebook and Instagram and don’t miss the latest news!