Bitcoin Spot ETFs See Net Outflows After 19 Consecutive Days of Inflows

Bitcoin spot exchange-traded funds (ETFs) have experienced their first net outflows in nearly a month.
According to Farside Investors , a total of 11 U.S. spot Bitcoin ETFs collectively witnessed a net outflow of $64.9 million, which comes after a remarkable streak of 19 consecutive days of net inflows.
Among the Bitcoin spot ETFs, the Grayscale Bitcoin Trust (GBTC) stood out with the largest net outflow of $39.5 million.
Following closely behind was the Invesco Galaxy Bitcoin ETF (BTCO) with $20.5 million in net outflows.
The Fidelity Wise Origin Bitcoin Fund (FBTC) also experienced a minor outflow of $3 million.
On the other hand, Bitwise and BlackRock’s ETFs saw modest inflows of $7.6 million and $6.3 million, respectively.
Bitcoin Price Drops After ETF Outflows
The outflows from the ETFs coincided with a decline in the price of Bitcoin.
Over the past 12 hours, Bitcoin’s value dropped from just above $70,000 to below $68,000, resulting in $170 million in liquidations and exerting downward pressure on the entire cryptocurrency market.
In the preceding week, BTC spot ETFs had consistently observed strong inflows, with net inflows recorded on each trading day.
The total net inflow for the week amounted to approximately $1.83 billion, reaching levels of demand not seen since early March, Matteo Greco, a research analyst at digital asset investment firm Fineqia International, said in a recent note.
The cumulative net inflow since the inception of these ETFs has now reached a record high of about $15.7 billion.
The integration of Bitcoin into traditional finance is expanding globally.
Following the launch of Australia’s first BTC spot ETF, the Thailand Securities and Exchange Commission (SEC) recently approved One Asset Management to introduce Thailand’s inaugural BTC spot ETF.
Central Banks Cut Rate
On the macroeconomic front, both the Bank of Canada (BOC) and the European Central Bank (ECB) have cut interest rates by 25 basis points.
Despite inflation levels surpassing the central banks’ 2% annual target, these rate cuts indicate governments’ optimistic expectations about their ability to manage inflation while implementing less restrictive monetary policies.
Less restrictive monetary policies are generally favorable for risk-on assets, including stocks and digital assets like Bitcoin, particularly when rate cuts do not signal an imminent recession.
In this case, the central banks’ decision to reduce rates despite higher-than-target inflation suggests confidence in their ability to control and maintain inflation near desired levels, even with more expansionary monetary policies.
Meanwhile, the U.S. Bureau of Labor Statistics is set to release May figures for its inflation-measuring Consumer Price Index (CPI) on June 11.
Analysts have forecast inflation to rise 0.1% after a 0.5% bump in April, bringing the year-on-year figure to 3.4% with core inflation forecast to rise 0.3% in May, the same as April, Morningstar reported .
The Fed’s monetary policy is also to be decided at a two-day Federal Open Market Committee (FOMC) meeting starting the same day.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Netflix faces backlash for using AI-generated voice of Gabby Petito
Share link:In this post: Netflix used AI to recreate Gabby Petito’s voice in its new docuseries, and people are calling it disturbing and unethical. Viewers slammed Netflix online, saying AI shouldn’t be used to digitally recreate a murder victim’s voice for a documentary. Gabby’s family approved it, but experts argue that murder victims don’t get a say in how their voice is used after death.
Trump’s Republican allies unsettled by Elon Musk’s D.O.G.E
Share link:In this post: Elon Musk’s D.O.G.E. has gutted the CFPB, firing employees, shutting down enforcement, and wiping the agency’s name off its headquarters—leaving Trump allies worried it could backfire in court. Russell Vought and other Trump officials fear Elon’s reckless approach could bring lawsuits, allowing the CFPB to survive instead of being quietly dismantled. Government employees are suing the Trump administration anonymously, afraid Elon’s attacks on X and mass firings could put them at ri
Vitalik Buterin joins the resistance against the UK government’s push for Apple user data
Share link:In this post: Vitalik Buterin criticized the UK government for its recent demands for backdoor access to Apple user data. This will be the first time Apple is disabling its data security tool. Apple reassures users that some data, such as health app data, passwords, and communications on iMessage and FaceTime, will remain end-to-end encrypted.
President Trump Declares End to Biden’s Crypto War, Pledges US Bitcoin Dominance
Trending news
MoreCrypto prices
More








