Bitcoin Spot ETFs See $527 Million Net Outflows This Week, Extending 8-Week Withdrawal Streak

BTC0.35%
According to Foresight News, Bitcoin spot ETFs recorded net outflows of $527 million during the trading week ending July 2, continuing their eighth consecutive week of withdrawals, per SoSoValue data. BlackRock's IBIT led outflows with $773 million in weekly net redemptions, while Grayscale's GBTC saw $27.69 million in net outflows. Ark & 21 Shares' ARKB was the only major spot Bitcoin ETF attracting inflows, with $102 million in net deposits for the week. Bitcoin spot ETF assets under management currently stand at $74.37 billion, representing 6.02% of Bitcoin's total market value.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments