U.S. spot bitcoin exchange-traded funds experienced slight losses on Tuesday, with $13.62 million in outflows recorded. Grayscale’s GBTC was the primary contributor, losing $31.38 million during the trading sessions.
US Bitcoin ETFs Record Modest Losses With $13.62M Outflows on Tuesday
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Blackrock’s IBIT Secures Top Spot With $14.12M Inflows Amidst ETF Outflows
Following inflows on Monday, the 11 spot bitcoin ETFs saw a modest decrease the next day. Tuesday’s divestments totaled approximately $13.62 million, with a trading volume of around $995.83 million. Grayscale’s GBTC led the outflows, shedding $31.38 million, but gains from other funds mitigated these losses. Bitwise’s BITB also declined, losing $6.76 million throughout the day.
Blackrock’s IBIT achieved the highest inflows on Tuesday, securing $14.12 million. Fidelity’s FBTC absorbed $5.42 million, while Ark Invest and 21shares’ ARKB collected $2.48 million. Vaneck’s HODL managed to gain about $3.51 million. BTCO, BRRR, EZBC, BTCW, and DEFI recorded neutral trading sessions, according to sosovalue.xyz metrics.
Tuesday’s outflow brings the cumulative total net inflow for all 11 ETFs to $14.64 billion. As of July 3, these funds collectively hold $53.73 billion in bitcoin reserves. IBIT is the largest fund in terms of reserves, holding 307,206.23 BTC, while GBTC controls 275,259.50 BTC. Thus, out of the $53.73 billion in BTC reserves, $35.12 billion is managed by Blackrock’s IBIT and Grayscale’s GBTC.
What do you think about Tuesday’s spot bitcoin ETF action? Share your thoughts and opinions about this subject in the comments section below.
