Five Things to Know in Crypto This Week: SEC Legal Challenges and Crypto ETFs

Five Things to Know in Crypto This Week: SEC Legal Challenges and Crypto ETFs
Crypto Mkt Cap Weekly Chart 220624

US BTC-Spot ETF Market Sees Second Week of Total Net Outflows

The US BTC-spot ETF saw total net outflows of $105.9 million (excl. Friday flow data for iShares Bitcoin Trust), marking the second consecutive week of outflows. Uncertainty about the Fed interest rate trajectory affected buyer demand for US BTC-spot ETFs.

Significantly, the US BTC-spot ETF market faced the possibility of six consecutive days of total net outflows.

According to Farside Investors,

  • Grayscale Bitcoin Trust (GBTC) had total net outflows of $152.6 million in the…
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