Bitcoin ETFs Face Significant Outflows of Approximately $19 Million

Bitcoin exchange-traded funds (ETFs) in the United States are currently experiencing outflows totaling approximately $18.66 million, ending a brief two-day period of positive cash inflows.

Data from SoSoValue indicates that Fidelity's FBTC fund was the hardest hit, facing outflows of around $48.82 million, while Grayscale's GBTC fund saw outflows of $9.41 million.

In a contrasting trend, BlackRock's IBIT fund was the only ETF to register inflows, amounting to $39.57 million. On the trading side, the combined trading volume for the 12 Bitcoin ETFs rose to $1.35 billion on Tuesday, an increase from $1.22 billion on Monday and $1.19 billion on Friday.

Furthermore, Bitcoin itself has experienced a 2.20% decline over the past 24 hours, currently trading at approximately $61,745.76. Despite this dip, it remains the leading cryptocurrency by market capitalization, as reported by CoinMarketCap.

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