Bitcoin ETFs See $900M in Weekly Outflows

U.S.-listed Bitcoin ETFs recorded their fifth consecutive day of outflows on June 21, 2024, with total losses exceeding $900 million for the week. Grayscale’s GBTC and Fidelity’s FBTC led the outflows, while BlackRock’s IBIT was the only ETF to record net inflows. This marks the worst outflow activity since late April, potentially influenced by recent Bitcoin price fluctuations and market conditions.

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