{"id":32424,"date":"2024-06-14T10:33:12","date_gmt":"2024-06-14T10:33:12","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/fidelitys-fbtc-leads-as-spot-bitcoin-etfs-see-226-million-in-net-outflows\/"},"modified":"2024-06-14T10:33:12","modified_gmt":"2024-06-14T10:33:12","slug":"fidelitys-fbtc-leads-as-spot-bitcoin-etfs-see-226-million-in-net-outflows","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/fidelitys-fbtc-leads-as-spot-bitcoin-etfs-see-226-million-in-net-outflows\/","title":{"rendered":"Fidelity\u2019s FBTC leads as spot Bitcoin ETFs see $226 million in net outflows"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/168401291_m_normal_none-min-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/168401291_m_normal_none-min-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/168401291_m_normal_none-min-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/168401291_m_normal_none-min-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Fidelity\u2019s FBTC sees $106 million in outflows, nearly half of the $226 million spot bitcoin ETF outflows on June 13.<\/span><\/li>\n<li><span style=\"font-weight: 400\">BlackRock\u2019s IBIT only fund to see net inflows on the day with $18 million.<\/span><\/li>\n<li><span style=\"font-weight: 400\">Bitcoin price continues to struggle, down 5.8% this past week.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">The US spot Bitcoin exchange-traded fund (ETF) market recorded yet another day of net outflows on June 13, with Fidelity Investments\u2019 FBTC seeing the most outflows on the day.<\/span><\/p>\n<p><span style=\"font-weight: 400\">While BlackRock\u2019s IBIT reported net inflows of $18 million, <a href=\"https:\/\/x.com\/SoSoValueCrypto\/status\/1801462202098192662\" target=\"_blank\" rel=\"noopener\">data by SoSoValue<\/a> shows the spot ETFs cumulatively recorded net outflows of $226.21 million.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Fidelity\u2019s FBTC slumped to $106 million \u2013 the second-largest outflow for the ETF since its trading debut, to account for nearly half of the net outflows. Grayscale recorded net outflows of $62 million for its GBTC ETF, while Ark Invest\u2019s ARKB and Bitwise\u2019s BITB saw $53 million and $9.8 million exit the funds respectively.<\/span><\/p>\n<p><span style=\"font-weight: 400\">VanEck\u2019s fund HODL also saw net outflows, with $11.3 million moving out, while about $2.7 million exited Invesco and Galaxy Digital\u2019s BTCO.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Bitcoin ETFs total inflows at $15.3 billion<\/span><\/h2>\n<p><span style=\"font-weight: 400\">The outflows on June 13 came after Wednesday has seen the US spot Bitcoin ETFs market snap a <a href=\"https:\/\/coinjournal.net\/news\/spot-bitcoin-etfs-record-200m-in-outflows-as-btc-price-struggles\/\">two-day streak of outflows<\/a> with $100.8 million worth of inflows.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Data shows the total net inflows to all US spot Bitcoin ETFs reached $15.5 billion on the day before yesterday\u2019s $206 net outflows pulled it back to about $15.3 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400\">On Wednesday, SEC chair Gary Gensler told lawmakers that he sees the agency finally <a href=\"https:\/\/coinjournal.net\/news\/sec-chair-says-s-1-approvals-for-spot-ether-etfs-in-the-summer\/\">approving S-1 filings for spot Ethereum ETFs<\/a> \u201cin the summer.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">Both BTC and ETH prices hovered below key levels amid this news and the spot BTC ETFs outflows.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The price of Bitcoin retreated from highs near $70,000 to about $66,450 and is currently around $66,900 at the time of writing, down 5.9% this past week. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Ethereum price remains around $3,500, down nearly 8% this past week.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/fidelitys-fbtc-leads-as-spot-bitcoin-etfs-see-226-million-in-net-outflows\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Fidelity\u2019s FBTC sees $106 million in outflows, nearly half of the $226 million spot bitcoin ETF outflows on June 13. BlackRock\u2019s IBIT only fund to see net inflows on the day with $18 million. Bitcoin price continues to struggle, down 5.8% [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":32425,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/32424"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=32424"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/32424\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/32425"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=32424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=32424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=32424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}