#ETFs 🗞️
On June 22, the spot Bitcoin ETF market recorded a net outflow of $68.18 million, marking the third consecutive day of outflows for the asset class. The exodus was led by BlackRock's IBIT, which experienced a substantial $172 million in withdrawals. However, this was partially offset by notable inflows into other funds; Ark Invest and 21Shares' ARKB brought in $64 million, while Fidelity's FBTC saw $57.4 million in new capital. Grayscale's GBTC also recorded an outflow of $81 million, contributing to the overall negative flow for the day.
Similarly, spot Ethereum ETFs faced a net outflow of $66.04 million. BlackRock's ETHA was the primary driver behind this movement, with a significant $66.4 million outflow, while the 21Shares TETH fund recorded a modest inflow of just $300,000. The remaining seven Ethereum ETFs experienced zero net flows during the trading session.
Altcoin ETFs painted a more mixed picture, with limited movement across most assets. XRP ETFs were the clear positive standout, posting a net inflow of $5.31 million. This represented the strongest single day for XRP ETF inflows in two weeks, with Bitwise's XRP ETF accounting for the entirety of the new capital, bringing its total net assets to just under $993 million.
In contrast, Chainlink ETFs recorded a net outflow of $490,920, ending a five-day streak of flat performance. Despite the pullback, total assets under management for LINK ETFs remain above $100 million. Meanwhile, no fund flows were observed for SOL, DOGE, HYPE, BNB, LTC, AVAX, and HBAR ETFs throughout the day.
#Bitcoin #Ethereum #XRP #MyGateTradeStory
On June 22, the spot Bitcoin ETF market recorded a net outflow of $68.18 million, marking the third consecutive day of outflows for the asset class. The exodus was led by BlackRock's IBIT, which experienced a substantial $172 million in withdrawals. However, this was partially offset by notable inflows into other funds; Ark Invest and 21Shares' ARKB brought in $64 million, while Fidelity's FBTC saw $57.4 million in new capital. Grayscale's GBTC also recorded an outflow of $81 million, contributing to the overall negative flow for the day.
Similarly, spot Ethereum ETFs faced a net outflow of $66.04 million. BlackRock's ETHA was the primary driver behind this movement, with a significant $66.4 million outflow, while the 21Shares TETH fund recorded a modest inflow of just $300,000. The remaining seven Ethereum ETFs experienced zero net flows during the trading session.
Altcoin ETFs painted a more mixed picture, with limited movement across most assets. XRP ETFs were the clear positive standout, posting a net inflow of $5.31 million. This represented the strongest single day for XRP ETF inflows in two weeks, with Bitwise's XRP ETF accounting for the entirety of the new capital, bringing its total net assets to just under $993 million.
In contrast, Chainlink ETFs recorded a net outflow of $490,920, ending a five-day streak of flat performance. Despite the pullback, total assets under management for LINK ETFs remain above $100 million. Meanwhile, no fund flows were observed for SOL, DOGE, HYPE, BNB, LTC, AVAX, and HBAR ETFs throughout the day.
#Bitcoin #Ethereum #XRP #MyGateTradeStory
