The post Biggest Outflow from US Spot Bitcoin ETFs in Recent Days! Bitcoin Has Come to Decline! Here are the Details appeared on BitcoinEthereumNews.com.

11 US spot Bitcoin exchange-traded funds (ETFs) experienced significant net outflows of $226.21 million on Thursday. This marks one of the biggest breakouts in recent times for emerging crypto investment products. US Spot Bitcoin ETFs See $226 Million Net Outflow Led by Fidelity’s FBTC Fidelity’s FBTC had its second-largest net outflow day since its founding, with $106 million leaving the fund, according to SoSoValue data. While Grayscale’s GBTC also experienced significant outflows with a total of $62 million, $53 million was withdrawn from Ark Invest and 21Shares’ ARKB. Bitwise and VanEck each reported net outflows of approximately $10 million. Additionally, Invesco and Galaxy Digital’s BTCO saw net outflows of $3 million. In contrast, BlackRock’s IBIT, the largest spot Bitcoin fund by net asset value, was the only fund to report a net inflow, pulling in $18 million on Thursday. Since their listing in January, 11 spot Bitcoin ETFs in the US have received a total of $15.30 billion in net inflows. Despite significant outflows, the funds have generally received significant investor interest since their inception. Bitcoin price was affected by these movements and dropped by 1.48% in the last 24 hours to $66,250. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/biggest-outflow-from-us-spot-bitcoin-etfs-in-recent-days-bitcoin-has-come-to-decline-here-are-the-details/

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Filed under: News - @ June 14, 2024 7:14 pm