Bitcoin ETFs experienced a significant change in net inflows in the past few days. According to SpotOnChain, a prominent on-chain analytics firm, there was a decline of $14 million in net inflows on July 2. This information was shared on their social media account.
The company highlighted that the negative trend in exchange-traded funds has been ongoing for the past 5 trading days. Additionally, SpotOnChain provided specific details of the individual positions of the Bitcoin exchange-traded funds.
SpotOnChain revealed that Grayscale’s ETF (GBTC) had the largest outflow, amounting to $32.4 million, which is greater than the combined inflows of all other Bitcoin ETFs. On the other hand, BlackRock’s ETF (IBIT) experienced the highest inflow, with nearly $14.1 million on July 2. BITB ETF witnessed a decrease of approximately $6.8 million, while BTCW, EZBC, BTCO, and BRRR did not receive any inflows. ARKB and FBTC, however, secured inflows of around $2.5 million and $5.4 million respectively.