Bitcoin exchange-traded funds (ETFs) in the United States experienced minor losses on Tuesday, as $13.62 million was withdrawn. Grayscale's GBTC was the main contributor to the outflows, losing $31.38 million during the trading sessions.
Despite inflows on Monday, the 11 spot bitcoin ETFs saw a slight decrease the following day. The divestments on Tuesday amounted to approximately $13.62 million, with a trading volume of around $995.83 million. Grayscale's GBTC led the outflows, shedding $31.38 million, but gains from other funds helped offset these losses. Bitwise's BITB also declined, losing $6.76 million throughout the day.
Blackrock's IBIT secured the highest inflows on Tuesday, receiving $14.12 million. Fidelity's FBTC absorbed $5.42 million, while Ark Invest and 21shares' ARKB collected $2.48 million. Vaneck's HODL managed to gain about $3.51 million. BTCO, BRRR, EZBC, BTCW, and DEFI had neutral trading sessions, according to sosovalue.xyz metrics.
Tuesday's outflow brings the total cumulative net inflow for all 11 ETFs to $14.64 billion. As of July 3, these funds collectively hold $53.73 billion in bitcoin reserves. IBIT is the largest fund in terms of reserves, holding 307,206.23 BTC, while GBTC controls 275,259.50 BTC. Therefore, out of the $53.73 billion in BTC reserves, $35.12 billion is managed by Blackrock's IBIT and Grayscale's GBTC.
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