Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
U.S. Stocks
CFD
U.S. stock CFD derivatives
Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
GUSD
Mint GUSD for Treasury RWA yields
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
Rewards
Square
Latest
Hot
News
Profile

BlackRock IBIT leads Bitcoin ETF outflows, BTC falls below $60k

CoinNetwork
robot
Abstract generation in progress
CoinWorld News reported that BlackRock’s IBIT, a leader among Bitcoin ETFs, led to net outflows from U.S. spot Bitcoin ETFs again on Friday amid a decline in the BTC price. On June 5, these ETFs recorded a net outflow of $325.69 million, reversing the previous day’s modest inflow of $3.05 million. The outflows brought the category’s cumulative net inflow down to $53.94 billion, showing that institutional demand for Bitcoin continued to face pressure. BlackRock’s IBIT recorded an outflow of $213.65 million, followed by Fidelity’s FBTC and Grayscale’s GBTC, with outflows of $59.69 million and $60.84 million, respectively. Meanwhile, Vaneck’s HODL and Morgan Stanley’s MSBT were the only products attracting new capital, with total inflows of $8.5 million. The latest ETF outflows coincided with a sharp drop in Bitcoin’s price: BTC briefly fell to a low of $59,100 during the day before rebounding to $61,300.
BTC-1.9%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • 1
  • Share
Comment
Add a comment
Add a comment
OvernightPositionPhobia
· 15m ago
ETF capital flows are an indicator of market sentiment. If this correction continues with outflows lasting more than a week, then we should really be cautious.
View OriginalReply0
BluePeonyPlan
· 2h ago
Net outflow of 320 million, while cumulative net inflow is still over 50 billion; long-term funds haven’t actually run out—only short-term fluctuations.
View OriginalReply0
HexiHoodie
· 2h ago
GBTC is still bleeding, the old product just isn't as attractive as the new ETF.
View OriginalReply0
AmberTeaSwirl
· 2h ago
Blackstone can't even hold up, let alone retail investors; the 60k level really seems to be a huge pressure.
View OriginalReply0
SweepTheFloor
· 2h ago
IBIT's outflow is quite intense, are institutions also starting to panic?
View OriginalReply0
0xTeaTime
· 2h ago
Intraday V rebound to 6.13 indicates that funds are still entering; don't rush to short-sell.
View OriginalReply0

  • Pinned

Sitemap