The latest data from Farside Investors reveals a significant trend in the cryptocurrency market, as the net outflow from US Bitcoin spot ETFs reached an alarming $739.2 million this week. This figure reflects a net outflow accumulating over a four-day trading period, contrasting sharply with a modest net inflow of $22.1 million recorded on Wednesday. Among the major players, BlackRock’s IBIT led with a net outflow of $129.6 million, while Fidelity’s FBTC reported a substantial $201 million outflow. Additionally, the ARKB ETF saw a net exit of $163.5 million, and Grayscale’s GBTC experienced a net outflow of $125.4 million. This series of withdrawals highlights growing apprehensions among investors regarding regulatory developments and market volatility.
Timely, reliable coverage of breaking news, insights, and analyses on Bitcoin and cryptocurrencies since 2018.
Disclaimer: The information provided on COINOTAG NEWS is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
© COINOTAG News 2024