Engaging Title: “Unveiling the Billion-Dollar Bitcoin ETF Withdrawal Frenzy”

Jun 25, 2024

Metablox NFT save memories to the blockchain


Everyday we create memories that are attached to places, but how will future generations know what happened to us? 

Metablox is saving our most important memories on the blockchain, and you can own the real world places the memories happened.


Bitcoin ETF Withdrawals Exceed $1 Billion


Withdrawals from spot Bitcoin ETFs have surpassed $1 billion in the last 10 days, with major outflows seen in the US market contributing to this decline.


No Bitcoin exchange-traded fund (ETF) has seen any inflow on Monday, June 24, with significant withdrawals recorded across various ETFs, totaling $174.5 million.

Main Points

Withdrawals from spot Bitcoin ETFs have exceeded $1 billion in the past 10 days, with Grayscale Bitcoin ETF GBTC experiencing the highest withdrawals of $90.4 million on Monday. Fidelity’s FBTC also faced outflows of $35 million, indicating a trend of declining institutional interest in Bitcoin.

While BlackRock’s IBIT remains unaffected by withdrawals, other Bitcoin ETFs have reported steady outflows since mid-June, reflecting a general decrease in investor confidence. The recent sell-off highlights a diminishing enthusiasm for spot Bitcoin ETFs’ introduction amidst market unpredictability.


The decline in Bitcoin exchange-traded funds and the significant outflows signal a concerning trend for investors, indicating a potential erosion of confidence in the asset. With withdrawals amounting to $630 million last week alone, the future of Bitcoin ETFs remains uncertain in the face of market volatility.