Jun 12, 04:32 AM

US Bitcoin ETFs End 19-Day Inflow Streak with $200.4 Million $BTC Outflow

US Bitcoin ETFs experienced significant outflows, ending a 19-day streak of inflows with a $64.9 million outflow. The total outflow on June 11 amounted to $200.4 million, with substantial sales from GBTC, ARKB, and other ETFs. GBTC alone sold 1,800 BTC worth $121 million. The outflows come ahead of the Federal Reserve's upcoming meeting and inflation data release, causing concern among traders. Despite recent inflows totaling over $2.5 billion in the last three weeks, Bitcoin's price saw a decline from $71.4k to $67.4k. As of June 11, US Bitcoin ETFs held $61.35 billion in assets under management, compared to $103.76 billion for US Gold ETFs. Bitcoin dropped to a weekly low as traders fret over inflation data and an upcoming Fed meeting.