Bitcoin ETFs Lose $1.3B in 2 Weeks

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During the past two weeks, outflows from United States-based Bitcoin exchange-traded funds (ETFs) have reached a total of $1.3 billion due to the declining price of Bitcoin.

As reported by Farside Investors, Grayscale has seen the highest outflows at $517.3 million, making it the leader in this category.

However, BlackRock’s Bitcoin ETF has bucked the trend and received $43.1 million in inflows during the same period.

This follows an 11.6% drop in Bitcoin’s price, from $69,476 on June 10 to $61,359 at the time of writing, according to TradingView.

These recent outflows are the largest since April, when Bitcoin ETFs saw a net outflow of $1.2 billion between April 24 and the beginning of May.