Bitcoin ETFs see $68M outflows for third day, led by BlackRock's IBIT, signaling short-term caution.
U.S. spot Bitcoin ETFs experienced $68.18 million in net outflows on June 22, marking the third consecutive day of withdrawals mainly from BlackRock's iShares Bitcoin Trust (IBIT) and Grayscale Bitcoin Trust (GBTC). Despite this short-term pullback, cumulative inflows remain strong at $53.33 billion, indicating the outflows reflect rotation and profit-taking rather than a broad exit from Bitcoin exposure. Trading volume stayed high, suggesting institutional rebalancing rather than retail panic. The market will watch if this trend continues as a de-risking cycle or remains a temporary pause within a larger uptrend driven by institutional demand and improved onshore access to Bitcoin.
U.S. spot Bitcoin ETFs experienced $68.18 million in net outflows on June 22, marking the third consecutive day of withdrawals mainly from BlackRock's iShares Bitcoin Trust (IBIT) and Grayscale Bitcoin Trust (GBTC). Despite this short-term pullback, cumulative inflows remain strong at $53.33 billion, indicating the outflows reflect rotation and profit-taking rather than a broad exit from Bitcoin exposure. Trading volume stayed high, suggesting institutional rebalancing rather than retail panic. The market will watch if this trend continues as a de-risking cycle or remains a temporary pause within a larger uptrend driven by institutional demand and improved onshore access to Bitcoin.
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