US spot bitcoin ETFs returned to net outflows yesterday

📆 7/3/2024 5:12 AM
📰 TheBlock__

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Grayscale’s GBTC saw net outflows of $32.38 million, followed by Bitwise’s BITB, which lost $6.76 million on Tuesday.

The 11 U.S. spot bitcoin exchange-traded funds saw total daily net outflows of $13.62 million on Tuesday, returning to negative flows after five straight days of inflows.

On the other hand, BlackRock’s IBIT had $14.12 million worth of inflows, and Fidelity’s FBTC saw inflows worth $5.42 million. VanEck’s bitcoin fund recorded $3.51 million, and Ark Invest and 21Shares’ ARKB reported $2.48 million in net inflows on Tuesday. Meanwhile, the price of bitcoin dropped 3.51% in the past 24 hours to $60,876 at the time of publication, according to The Block’s bitcoin price page.

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