Details of Fourth Consecutive Day of Net Outflows for US Spot Bitcoin Exchange Traded Funds ETFs

US spot Bitcoin exchange-traded funds (ETFs) have seen a net outflow of $152.42 million for the fourth consecutive day, according to recent data.
Fidelity’s FBTC had the largest outflow at $83 million, followed by Grayscale’s GBTC with a net outflow of $62 million. Bitwise’s BITB saw an outflow of approximately $7 million, while the remaining eight ETFs recorded zero flows on Tuesday.
The cumulative net inflow of 11 spot Bitcoin ETFs was $14.81 billion as of Tuesday, down from a peak of $15.69 billion on June 7. These products had previously experienced a 19-day streak of net inflows through June 7.
Trading volume for these ETFs reached $1.7 billion on Tuesday, up from $1.24 billion on Monday. The Bitcoin price is currently trading around $65,300, down 0.35% over the last 24 hours.
According to analysts at CryptoQuant, Bitcoin has fallen from a key price support level, which could indicate an 8% to 12% correction, potentially leading the price towards $60,000.
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