BTC ETFs witnessed continued negative performance on June 14, with outflows totaling $190 million according to on-chain data from SpotOnChain. This marks the second consecutive day of negative flows, following the trend from the previous day. SpotOnChain announced the developments on the X social media platform.
The overall net inflow for BTC ETFs on June 14 was -$190 million, continuing a negative trend throughout the trading week. The total negative outflow for the week amounted to $581.4 million, with only one day showing positive flows. Among the ETFs, only BlackRock’s iShares Bitcoin Trust (IBIT) saw inflows on that day.
SpotOnChain reported that the negative flows persisted on the second day, with outflows reaching $226 million on June 13. Despite this, the current status of BTC ETFs is slightly less negative compared to previous days. The analytics provider also highlighted the negative performance of Bitcoin ETFs over the past week, with total outflows of $581.4 million and only one day of positive flows.
In terms of inflows, only BlackRock’s iShares Bitcoin Trust (IBIT) saw positive numbers, with $1.5 million in inflows. On the other hand, Fidelity ETF (FBTC) experienced outflows of $86.1 million, making it the second-highest in terms of outflows after Grayscale, which recorded outflows of $52.3 million. ARKB also saw outflows of $49 million.
Overall, the negative performance of BTC ETFs continues, with only one ETF experiencing inflows amidst a week of outflows.