US spot bitcoin ETFs see $152 million in net outflows, extending negative streak to four days

The U.S. spot bitcoin exchange-traded funds recorded $152.42 million in net outflows on Tuesday, marking the fourth consecutive day of daily net outflows.

Fidelity’s FBTC saw the largest outflows among the 11 ETFs, logging a net outflow of $83 million, according to data from SosoValue. Grayscale’s GBTC reported a net outflow of $62 million, while Bitwise’s BITB saw about $7 million in net outflows.

The other eight ETFs recorded zero flows on Tuesday.

The 11 spot bitcoin ETFs had cumulative net inflows of $14.81 billion as of Tuesday, down from their peak of $15.69 billion on June 7, the data showed. The products recorded a 19-day streak of inflows until June 7.

The total trading volume for the ETFs amounted to $1.7 billion on Tuesday, compared to Monday’s $1.24 billion.

The price of bitcoin edged down 0.35% over the past 24 hours to change hands at around $65,498 at the time of publication, according to The Block’s bitcoin price page .

CryptoQuant analysts said in a Tuesday report that bitcoin has fallen through a key price support level that could signal an 8% to 12% correction, potentially leading the price to decline toward $60,000.