US Bitcoin exchange-traded funds (ETFs) saw consecutive days of outflows this week, marking the end of a 19-day streak of inflows since June 10. Data from Farside indicates that on June 11, Bitcoin ETFs experienced a total outflow of $200 million, driven by withdrawals from five issuers.

Among them, Grayscale’s GBTC led with outflows totaling $121 million, bringing its cumulative outflows to $18.03 billion. ARK Invest’s ARKB followed with nearly $57 million in net outflows, while Bitwise’s BITB reported approximately $12 million outflows. Fidelity and VanEck saw smaller net outflows of $7.4 million and $3.8 million, respectively.

Despite these significant outflows, Bitcoin ETFs have accumulated a net inflow of $15.42 billion since their January launch. These outflows contributed to Bitcoin's price dropping to as low as $66,207 in the past 24 hours. Analyst Patrick Scott noted the impact of ETF trading on Bitcoin prices, observing a reflexive relationship where off-hours sales lead to outflows the following trading day.

As of press time, Bitcoin has recovered to $67,449. Market analysts attribute recent price fluctuations and ETF outflows to investor caution ahead of the Federal Open Market Committee (FOMC) meeting. Despite calls from lawmakers to lower interest rates, expectations remain high for the FOMC to maintain rates at the current 525-550 bps range, according to the CME FedWatch Tool, where 99.4% of investors predict no change.