Bitcoin ETFs experience continued outflows, according to SpotOnChain data. The negative trend persisted on June 14th, with a total outflow of $190 million reported. This follows a week of negative flows totaling $581.4 million, with only one day showing positive inflows.
SpotOnChain also highlighted the performance of individual ETFs, noting that only BlackRock’s iShares Bitcoin Trust (IBIT) saw inflows on the mentioned day. The total net inflow for IBIT was $1.5 million, while other major ETFs like Fidelity (FBTC) and Grayscale experienced significant outflows.
Despite the ongoing negative performance, SpotOnChain mentioned that the current position of BTC ETFs is slightly less negative compared to the previous day. The analytics platform continues to monitor and report on the performance of these exchange-traded funds.