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Bitcoin ETFs See $1.34 Billion in Net Outflows This Week

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Summary

  • Spot Bitcoin exchange-traded funds recorded net outflows of $1.34 billion this week.
  • Bitcoin has fallen 6.6% since Monday and was recently trading near $59,500 after briefly reclaiming the $60,000 level.
  • Ether was little changed, while XRP edged higher.

Forecast Trend Report by Period

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Photo: Shutterstock
Photo: Shutterstock

Spot Bitcoin exchange-traded funds recorded net outflows of $1.34 billion this week.

Walter Bloomberg reported on June 26 that investors pulled money from Bitcoin ETFs as the cryptocurrency's price tumbled.

Bitcoin has fallen 6.6% since Monday. After briefly reclaiming the $60,000 level, it was recently trading near $59,500.

Ether was little changed, while XRP edged higher.

#ETF Movement

reporter1@bloomingbit.ioHello, I'm a reporter at bloomingbit

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