Les ETF Bitcoin continuent de baisser avec une perte de 140 millions $ ce jeudi 20 juin
Title: Les ETF Bitcoin enregistrent -140 millions $ de sorties ce jeudi 20 juin
The king of cryptocurrencies’ exchange-traded funds (ETFs) continue to struggle to gain momentum. Since June 10, 2024, Bitcoin ETFs have been in the red, with more capital outflows than inflows. This trend persisted on Thursday, June 20, signaling a potential second week of net outflows for these financial products.
According to data from Farside Investors, Bitcoin ETFs recorded 139.9 million dollars in net outflows on Thursday. The Fidelity Wise Origin Bitcoin (FBTC) ETF from Fidelity mirrored the outflow of funds from the Grayscale Bitcoin Trust (GBTC) by losing 51.1 million dollars. The GBTC continued to bleed with a loss of 53.1 million dollars. Only the iShares Bitcoin Trust (IBIT) managed to attract net inflows, gaining 1.5 million dollars.
Despite positive developments for Ethereum ETFs, the overall crypto market remains gloomy. The Bitcoin ETFs are likely to end another week with net outflows, except for the resilient IBIT fund from BlackRock.
As of now, total net outflows for Bitcoin ETFs stand at -438.2 million dollars for the week. The struggle for Bitcoin ETFs to gain traction continues amidst a challenging crypto market landscape.
