Jun 21, 04:07 AM

Bitcoin ETFs See $140 Million Outflows as Grayscale, Fidelity Lead

Bitcoin ETFs experienced significant outflows this week, continuing a trend from the previous week. On June 19, nine ETFs decreased their holdings by 442 BTC, equivalent to $28.7 million. Grayscale reduced its holdings by 56 BTC, worth $3.6 million, and now holds 280,322 BTC valued at $18.22 billion. By June 20, ETFs collectively sold 2,178 BTC, amounting to $142 million. Major players like Grayscale, Fidelity, and Bitwise were noted for driving these outflows. The total net flow on June 20 was negative $140 million, with Grayscale losing $53.1 million, Fidelity $51.1 million, Bitwise $31.5 million, BlackRock $IBIT gaining $1.5 million, Ark $ARKB remaining neutral, and Invesco $BTCO losing $2 million.