Bitcoin ETF Net Inflow on June 11, 2024, is recorded at -$200M!

• No US Bitcoin ETFs experienced inflows yesterday.

• Grayscale Bitcoin Trust (GBTC) increased its single-day outflow from $39.5M to $121M (3x).

• BlackRock’s iShares Bitcoin Trust (IBIT) experienced a net flow of $0.

• Overall, the net inflow has been negative after 2 consecutive trading days.

Doesn’t look very good for the upcoming CPI at 12:30 UTC and Fed rate decision at 18:00 UTC.

Does someone really know something and dump Bitcoin before the news comes out? Or are they just paperhands, selling to minimize their losses?

What do you expect the Bitcoin price to do after those news?