Bitcoin Spot ETFs Suffer Massive Outflows of $502.7 Million, Driven By BlackRock

A significant outflow of $502.7 million was recorded in Bitcoin spot exchange-traded funds (ETFs) on June 14th, signaling changing investor sentiment. This action was predominantly driven by Blackrock’s IBIT, which saw withdrawals worth $473.72 million. Other notable players like Grayscale’s GBTC and Fidelity’s FBTC also contributed to the trend, while Grayscale’s Mini BTC fund showed a small inflow. This episode highlights the immediate impact of investor behavior on Bitcoin spot ETF performance.