As per the on-chain data, the BTC exchange-traded funds have maintained a negative performance on June 14. As per the popular on-chain analytics platform SpotOnChain, the BTC ETFs saw outflows of up to $190 million, continuing the negative flows of the previous day. The analytics provider revealed the respective development on the social media forum X.
BTC ETF Outflows Continue on the 2nd Day, Says Spot On Chain
According to SpotOnChain, the negative flows are maintaining a negative performance even on the 2nd day. On the 13th of this month, the ETFs witnessed outflows of up to $226 million. Keeping that in view, the current position of the BTC exchange-traded funds is relatively less negative. The analytics provider also discussed the performance of the ETFs in the recent week.
It pointed out that the Bitcoin ETFs reportedly went through a significant negative performance in the past 7 days. They have recorded outflows of approximately $581.4 million. It also disclosed that the entire week saw just one day with positive flows overall. In line with the current statistics, the only ETF experiencing inflows is iShares Bitcoin Trust of BlackRock (IBIT).
Only BlackRock ETF Records Inflows
SpotOnChain asserted that the exchange-traded fund recorded $1.5M in inflows. The Fidelity ETF (FBTC) went through the outflows of up to $86.1M. Grayscale became the top 2nd ETF seeing outflows. It recorded outflows of nearly $52.3M. ARKB experienced $49M in outflows.
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