After a brief period of inflows, spot Bitcoin ETFs are back to registering outflows with the most recent as high as $35 million.
Another Day of Spot Bitcoin ETF Outflows
In today’s update provided by blockchain analytics platform Lookonchain, it was revealed that Grayscale lost 535 Bitcoin to outflows.
This Bitcoin outflow was valued at approximately $30.7 million, leaving the investment asset management firm with 274,734 units of BTC ($15.76 billion). Also, some other spot Bitcoin ETF issuers were not left out of the outflows. Invesco Galaxy Bitcoin ETF also lost 74 BTC, leaving it with 6804 BTC. The outflows from both issuers rounded up to 609 BTC, an equivalent of $35 million.
July 4 Update:
9 ETFs decreased 609 $BTC(-$35M).#Grayscale decreased 535 $BTC(-$30.7M) and currently holds 274,724 $BTC($15.76B).https://t.co/RNb9HiUF7I pic.twitter.com/VRq4PXP2c3
— Lookonchain…
