The recent days have been seeing a huge fluctuation in the net inflows of Bitcoin ETFs. According to SpotOnChain data, the BTC exchange-traded funds went through an enormously negative inflow of up to -$226 million on the 13th of June. The analytics firm took to its social media account to reveal the details.
Bitcoin ETFs See Substantially Negative Net Inflow on June 13
In its X post, the platform noted that the inflow saw only one day of positive development before turning negative. On the previous day, the 12th of this month, the BTC ETFs experienced substantial inflows. Nonetheless, on the very next day, the massive outflows presented a contrary situation. In this respect, just one exchange-traded fund remained effective to see some positive inflows.
On the other hand, the rest of the 8 Bitcoin ETFs incurred large outflows. SpotOnChain pointed out that the only ETF seeing an inflow was BlackRock (IBIT). As per it, IBIT reportedly saw an inflow of up to 18.2M. Nonetheless, on the 12th, it experienced an inflow of up to 15.6M. In this respect, it made more inflows amid the overall negative scenario.
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While discussing the rest of the ETFs, it mentioned that Fidelity’s ETF “FBTC” recorded the biggest outflow on the 13th. It reportedly saw $106.4M in outflows. Grayscale’s exchange-traded fund “GBTC” reportedly occupied the next spot with a relatively low outflow. The ETF witnessed an outflow of approximately $61.5 million. Moreover, the analytics company also shared a chart presenting the outflows of the Bitcoin ETFs.
BTCO Becomes the Only ETF with the Lowest Outflows
In line with the respective chart, ARKB had an outflow of nearly $52.7M. On the other hand, the rest of the ETFs reportedly recorded relatively minor outflows. In this respect, HODL ETF saw almost 11.3M in outflows. However, BTCO effectively secured the position of being the ETF with the lowest outflows. SpotOnChain claimed that the exchange-traded fund recorded 2.7 million in the case of outflows. Hence, the cumulative net outflows of BTC ETFs reached 226.2 million.