
- Bitcoin ETFs bled millions on Thursday.
- Fidelityโs FBTC fund led the dayโs outflows.
- The massive outflows come after the funds attracted over $100 million on Wednesday.
U.S.-based spot Bitcoin exchange-traded funds (ETFs) hemorrhaged millions on Thursday, with Fidelityโs FBTC fund witnessing its second-largest net outflow day since its debut in January.
The massive outflows come after the Nasdaq-listed funds had a relatively successful trading day on June 12, pulling $100.8 million in net inflows. Interestingly, FBTC accounted for half of the dayโs inflows.
Bitcoin ETF Flows on June 13
According to preliminary data by Farside Investors, spot Bitcoin ETFs recorded a total net outflow of $226.2 million on June 13.
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Fidelityโs FBTC bled $106.4 million as Grayscaleโs GBTC, Ark Investโs ARKB, VanEckโs HODL, Bitwiseโs BITB, and Invescoโs BTCO reported net outflows of $61.5 million, $52.7 million, $11.3 million, $9.8 million, and $2.1 million, respectively.
The only net inflow on Thursday came from the largest spot Bitcoin ETF in net asset value, BlackRockโs IBIT, which attracted $18.2 million. The remaining funds, including Franklin Templetonโs EZBC, Valkyrieโs BRRR, Wisdom Treeโs BTCW, and Hashdexโs DEFI witnessed $0 inflows.
The shift in tide follows BTCโs recent and undergoing market corrections after the largest crypto asset by market cap notched a new all-time high of $73,750 on March 14. On April 30, Bitcoin wrapped up its worst monthly performance in nearly two years at $59,166, a plunge of about 19.59% from its March peak.
As of press time, BTC had seen a 1.13% drop over the last 24 hours to exchange hands at $66,971, with a market capitalization of $1.3 trillion, CoinMarketCap data shows.
Stay updated on Thailandโs first spot Bitcoin ETF:
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