Bitcoin ETFs Continue Bleeding — $140 Million Outflow Registered

  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 69 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 63%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

Spot Bitcoin ETFs have seen massive outflow within single day

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.

On June 20, the total net outflow of Bitcoin spot ETFs was $140 million, the fifth consecutive day of outflows, Grayscale ETF GBTC had a single-day outflow of $53.1022 million, and BlackRock ETF IBIT had a single-day inflow of $1.4791 million. Currently, the total historical net…Bitcoin to $70,000 Imminent? Solana to Pump Ethereum: Here's How, Cardano Bounces Around $0.3, But for How Long?Over the past five days, Grayscale has lost $232 million.

@lookonchain analytics account has shared that while ETFs are selling their BTC, a smart whale has followed suit. This trader transferred 660 BTC to the Binance exchange to sell. The tweet also shared some details about this whale’s previous successful trades.In one of these large trades, the trader purchased 718 Bitcoins between August and November last year at roughly $29,385 and then sold them at $41,953 in December, earning $9 million .

The second trade concerned the 1,181 BTC he bought between February and May 13 this year. The whale sold this Bitcoin on May 27 and June 20, earning $21.2 million .Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 295. in ERROR

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Price analysis 5/30: BTC, ETH, BNB, SOL, XRP, DOGE, TON, SHIB, ADA, AVAXBitcoin’s range-bound action has not stopped investors from snapping up Bitcoin ETFs.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Crucial Negative Ethereum ETF Statement Made by Samson Mow, Here’s His MessageBitcoin maximalist Samson Mow says Bitcoin has no use for Ethereum ETFs
Source: Utoday_en - 🏆 295. / 63 Read more »

BlackRock’s IBIT Takes Back the Lead as Spot Bitcoin ETFs Continue Their Inflow StreakCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Price analysis 6/7: BTC, ETH, BNB, SOL, XRP, DOGE, TON, SHIB, ADA, AVAXTraders continue to accumulate Bitcoin ETFs, signaling that they expect the uptrend to resume.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Bitcoin dominance risks breaking 18-month uptrend on Ether ETF launchEthereum ETFs may drive Bitcoin’s crypto market cap share down, new BTC price analysis says.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Coinbase Sees $500 Million Bitcoin Outflows as Spot ETFs SurgeCoinbase sees huge Bitcoin outflows as investors flock to spot ETFs
Source: Utoday_en - 🏆 295. / 63 Read more »