Bitcoin ETF Outflows Hit $1.3 Billion Amid Price Decline; Analysts Predict Stabilization and Long-Term Growth

Outflows from United States spot Bitcoin exchange-traded funds (ETFs) have surged to $1.3 billion over the past two weeks, correlating with a decline in Bitcoin’s price. Data from Farside Investors shows that Bitcoin ETFs saw a total outflow of $1.298 billion, with Grayscale experiencing the highest outflow of $517.3 million during this period. In contrast, BlackRock’s Bitcoin ETF was the only one to report positive inflows, attracting $43.1 million over the same timeframe. Bitcoin’s price has dropped 11.6%, from $69,476 on June 10 to $61,359, according to TradingView data. This recent trend of outflows is the worst since April, when

Source: CryptoIntelligence