On Tuesday, a subtle downturn was observed in the U.S. spot bitcoin exchange-traded funds (ETFs), with a net outflow of **$13.62 million**. The lion’s share of this outflow was attributed to Grayscale’s GBTC, which saw a reduction of **$31.38 million** during the day’s trading activities.
**Blackrock’s IBIT Emerges as Leader Amidst ETF Withdrawals with $14.12M Inflows**
Despite a positive start to the week, the 11 spot bitcoin ETFs experienced a slight contraction on Tuesday. The day ended with a total outflow of **$13.62 million**, against a backdrop of approximately **$995.83 million** in trading volume. Grayscale’s GBTC was at the forefront of the outflows, relinquishing **$31.38 million**. However, this was partially offset by inflows into other funds. Bitwise’s BITB also faced a downturn, with losses amounting to **$6.76 million** over the course of the day.
Blackrock’s IBIT stood out with the highest inflows on Tuesday, amassing **$14.12 million**. Fidelity’s FBTC welcomed **$5.42 million**, while Ark Invest and 21shares’ ARKB garnered **$2.48 million**. Vaneck’s HODL also saw an increase, securing about **$3.51 million**. Meanwhile, BTCO, BRRR, EZBC, BTCW, and DEFI maintained a steady course, with neutral trading sessions as reported by sosovalue.xyz metrics.
The outflows from Tuesday have brought the total net inflow for all 11 ETFs to a cumulative **$14.64 billion**. As of July 3rd, these funds collectively boast **$53.73 billion** in bitcoin reserves. IBIT holds the largest reserve with **307,206.23 BTC**, followed by GBTC with **275,259.50 BTC**. Consequently, of the total **$53.73 billion** in BTC reserves, a substantial **$35.12 billion** is under the stewardship of Blackrock’s IBIT and Grayscale’s GBTC.
What are your impressions of the recent movements in the spot bitcoin ETF market? Feel free to share your insights and viewpoints on this topic in the comments below.
