The post Spot Bitcoin ETF’s Record $545M Outflow In the Week appeared on BitcoinEthereumNews.com.

Crypto Live News Author: Nidhi Kolhapur Nidhi Kolhapur Author Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain. Jun 22, 2024 12:14 The spot Bitcoin ETFs have recorded significant outflows this week a total outflow of $545M was recorded sparking concerns over Bitcoin’s performance. Despite its brief recovery over the past 24 hours, Bitcoin’s price stayed in the red. The outflows occurred over 4 trading days, with the lowest single-day outflow recorded on Friday, June 21, at $105.9 million. Fidelity’s FBTC led the June 21 outflows with $44.8M. Grayscale’s GBTC and Ark 21 Shares ARKB recorded outflows of $34.2 million and $28.8 million, respectively, underscoring reduced investor confidence across major ETFs.  Source: https://coinpedia.org/crypto-live-news/spot-bitcoin-etfs-record-545m-outflow-in-the-week/

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Filed under: News - @ June 22, 2024 8:26 am