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Bitcoin (BTC) ETFs Break Inflow Streak as Traders Look to Donald Trump’s Comments at Bitcoin 2024

Bitcoin (BTC) exchange-traded funds (ETFs) broke a 12-day inflow streak on Tuesday as investors withdrew a net $78 million from the U.S.-listed products, data from SoSoValue shows.

Bitwise’s BITB led with $70 million in net outflows, followed by Ark’s ARKB at $52 million and Grayscale’s GBTC at $27 million. BlackRock’s IBIT was the only product with a net inflow, $72 million, lifting its net assets under management above $22 billion for the first time.

The bitcoin ETF outflows came after strong inflow days on Monday and Friday, when they took on more than $420 million each day.

Despite the outflows, BTC prices remained steady above $66,000, losing just over 0.5% in the past 24 hours. The broad-based CoinDesk 20 (CD20), a liquid index of the largest tokens, minus stablecoins, lost 0.6%.

Traders said they expect the current lull in price action to continue until fresh commentary…

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