COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Bitcoin ETF Data Shows Significant Market Sentiment Shift
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Bitcoin (BTC) > Bitcoin ETF Data Shows Significant Market Sentiment Shift
Bitcoin (BTC)

Bitcoin ETF Data Shows Significant Market Sentiment Shift

In Brief

  • Bitcoin ETFs saw $200.31 million in net outflows on June 11, 2024.

  • Grayscale Bitcoin Trust had the largest outflow of $121 million.

  • BlackRock's Bitcoin ETF saw no net change, trading at a 0.34% premium.

COINTURK NEWS
COINTURK NEWS 11 months ago
Share
SHARE

Bitcoin ETF data indicates a significant shift in market sentiment. On June 11, 2024, the total daily net outflows from Bitcoin ETFs were recorded at $200.31 million. This can be seen as a reflection of the recent pullback in the cryptocurrency Bitcoin. Let’s look at the spot Bitcoin ETF figures.

Contents
Bitcoin ETF FiguresOther ETF Figures

Bitcoin ETF Figures

Looking at the distribution of major ETFs, Grayscale Bitcoin Trust (GBTC) experienced the most significant net outflow, amounting to $121 million. However, despite the outflows, the ETF is trading at a slight premium.

On the other hand, BlackRock’s Bitcoin ETF (IBIT), which recently surpassed Grayscale in total net assets, saw no net inflows or outflows. However, it traded at a 0.34% premium. This reflects continued investor interest and confidence in the ETF. The absence of outflows during a period of overall outflows indicates high investor expectations.

Other ETF Figures

The Fidelity WiseOrigin Bitcoin ETF (FBTC) experienced a net outflow of $7 million but still traded at a 0.24% premium, indicating continued investor interest. Similarly, ARK Invest’s Bitcoin ETF (ARKB) saw a significant net outflow of $56 million.

Among other ETFs, the VanEck Bitcoin ETF (HODL) reported a $4 million outflow, while Bitwise’s Bitcoin ETF noted a $12 million outflow. Despite the outflows, some Bitcoin ETFs had balanced inflows and outflows, resulting in zero net change. Examples include Invesco, Valkyrie, Franklin, WisdomTree, and Hashdex’s Bitcoin ETFs.

Overall, these data indicate mixed market sentiment towards Bitcoin ETFs. Despite short-term pullbacks, the ETFs still trading at a premium and continued investor confidence highlight their perceived importance. Additionally, the outflows have impacted Bitcoin’s price, which dropped to $66,050 yesterday. At the time of writing, Bitcoin, the flagship cryptocurrency, is trading at $67,304.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Bitcoin Breaks Records with All-Time High Daily Close

Bitcoin Surges as Institutional Giant Acquisitions Fuel New Highs

Bitcoin Surges Toward Unprecedented Highs

Bitcoin Skyrockets as ETF Inflows Hit Record Levels

DigiAsia Ventures into Enormous Bitcoin Reserves

COINTURK NEWS 12 June, 2024 - 9:45 am 12 June, 2024 - 9:45 am
Share This Article
Facebook Twitter
Share
Previous Article Binance Removes Five Altcoin Trading Pairs
Next Article Bitcoin Demand Drops Among Individual Investors
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Bitcoin Breaks Records with All-Time High Daily Close
Bitcoin (BTC)
Binance Removes Trading Pairs, Ensuring User Safety and Market Quality
Binance
Japanese Stocks Skyrocket, Energizing Global Markets
Bitcoin News
Solana Accelerates Block Confirmation with Alpenglow Update
Solana (SOL)
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?