Bitcoin ETFs experienced a notable decline on Thursday following a strong performance on Wednesday. Data from Farside shows that on June 13, there were outflows amounting to $226.2 million, which is a significant increase compared to the $100.8 million recorded on June 12. Fidelity’s FBTC experienced the highest amount of outflows, totaling $106.4 million. This marks the largest amount of money leaving FBTC in the last month, with a significant $226.2 million flowing out of Bitcoin ETFs in response to news about ETH ETFs. This was reported by CryptoSlate.

Bitcoin ETFs experienced a notable decline on Thursday following a strong performance on Wednesday. The data from Farside shows that on June 13, there were significantly higher outflows of $226.2 million compared to the $100.8 million recorded on June 12. FBTC from Fidelity was the biggest contributor to the outflows, with $106.4 million. This is the largest amount of outflow FBTC has experienced in the last month, marking a sudden change from the $133 million inflow it received on June 12. GBTC from Grayscale saw $61.5 million leave the fund, while ARKB from Ark had outflows totaling $52.7 million, placing it in third. Yesterday, only BlackRock’s IBIT experienced inflows of $18.2 million. A table displaying the inflows and outflows of spot Bitcoin ETFs in the US from May 27 to June 13, 2024 was provided by Farside Investors. This extends the consecutive streak of inflows to IBIT for 44 days. IBIT has consistently seen inflows since it was first launched. IBIT recorded outflows of $36.9 million on May 1. A chart displays the flows of BlackRock’s IBIT spot Bitcoin ETF from January.