{"id":2008,"date":"2024-06-11T22:02:19","date_gmt":"2024-06-11T22:02:19","guid":{"rendered":"https:\/\/cryptogoldex.com\/index.php\/2024\/06\/11\/bitcoin-etf-withdrawals-total-200-million-before-key-fed-inflation-data\/"},"modified":"2024-06-11T22:02:19","modified_gmt":"2024-06-11T22:02:19","slug":"bitcoin-etf-withdrawals-total-200-million-before-key-fed-inflation-data","status":"publish","type":"post","link":"https:\/\/cryptogoldex.com\/index.php\/2024\/06\/11\/bitcoin-etf-withdrawals-total-200-million-before-key-fed-inflation-data\/","title":{"rendered":"Bitcoin ETF Withdrawals Total $200 Million before Key Fed Inflation Data"},"content":{"rendered":"<p>Most of the outflows come from Grayscale Bitcoin Trust (GTBC) and ARK 21Shares Bitcoin ETF (ARKB). GTBC and ARKB registered outflows of $121 million and $56.5 million, respectively. The total net outflows from the GBTC spot Bitcoin ETF have now exceeded $18 billion, as per data from Farside Investors. Additionally, Bitwise Bitcoin ETF (BITB), Fidelity Wise Origin Bitcoin Fund (FBTC), and VanEck Bitcoin Trust (HODL) have recorded net outflows of $11.7 million, $7.4 million, and $3.8 million, respectively.<\/p>\n<p>On the other hand, other spot Bitcoin ETFs, including BlackRock\u2019s iShares Bitcoin Trust (IBIT), have remained neutral in terms of outflows. According to crypto trader and analyst &#8220;Max on X,&#8221; the recent downward momentum in outflows is reminiscent of a previous trend seen before the U.S. CPI data release. The U.S. inflation data is set to be released today at 12:30 UTC, and a decrease in the U.S. inflation rate historically signals positive trends for the crypto market. Santiment\u2019s X post indicates that experts are anticipating a 3.4% year-over-year (YoY) increase in the U.S. inflation rate between May 2023 and 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Most of the outflows come from Grayscale Bitcoin Trust (GTBC) and ARK 21Shares Bitcoin ETF (ARKB). GTBC and ARKB registered outflows of $121 million and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2007,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[612],"tags":[],"class_list":["post-2008","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-market-potential"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts\/2008","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/comments?post=2008"}],"version-history":[{"count":0,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts\/2008\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/media\/2007"}],"wp:attachment":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/media?parent=2008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/categories?post=2008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/tags?post=2008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}