The post Spot Bitcoin ETF Outflows Begin After 7-Day Inflow Streak appeared on BitcoinEthereumNews.com.

Key Points: Spot Bitcoin ETF outflows hit $79M after a seven-day inflow streak, led by ARKB. BlackRock’s IBIT saw inflows despite the broader spot Bitcoin ETF outflows trend. Spot Bitcoin ETF outflows in the U.S. reached $79M after seven consecutive days of inflows, largely due to withdrawals from ARKB, while BlackRock’s IBIT and others saw positive flows. Spot Bitcoin ETF Outflows After Seven-Day Inflow Streak U.S. spot Bitcoin ETFs finally saw outflows worth $79 million the other day, mainly because of ARKB, after an impressive seven-day streak with net inflows. Despite the outflow, BlackRock’s IBIT was among a few funds like Fidelity’s FBTC that still recorded net inflows to contribute to the ETF market activity, according to Sosovalue. Read more: Bitcoin Spot ETF Inflows Reach $294M After 7 Days of Gains BlackRock IBIT Remains Resilient Amid Spot Bitcoin ETF Outflows While the majority of the Bitcoin ETFs reported outflows, BlackRock’s IBIT still managed to attract inflows amounting to $42.98M, resilient in this shifting market. Because BlackRock stands at the helm, Bitcoin ETFs still have year-to-date net inflows at $21.15 billion while its trading volume declines compared to its previous peaks. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. Visited 1 times, 1 visit(s) today Source: https://coincu.com/288629-spot-bitcoin-etf-outflows-begin-after-7-day

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Filed under: News - @ October 23, 2024 6:21 am