Editor's PiCK
US Bitcoin (BTC) Spot ETF: Net Outflow of 5.1 Trillion KRW Last Month... BTC Price Plunges 18%
Summary
- Last month, a total of approximately 5.1877 trillion KRW was reported to have net outflowed from US Bitcoin spot ETFs.
- The Bitcoin price dropped 18% over the past month.
- Major ETFs including BlackRock, Fidelity, and Grayscale recorded fund outflows.
Last month, approximately 5.1877 trillion KRW in funds flowed out of Bitcoin (BTC) spot exchange-traded funds (ETFs).
According to TraderT on the 1st, US Bitcoin spot ETFs experienced a net outflow of $3.546 billion (approximately 5.1877 trillion KRW) over the past month. While funds flowed out of all Bitcoin spot ETFs, including BlackRock's, during the same period, the Bitcoin price plummeted 18% from $102,400 to $84,300.
TraderT stated, "BlackRock's IBIT's Bitcoin holdings decreased by 9,470 coins over the month to a total of 573,136 BTC," adding, "IBIT recorded its first net outflow since launch, with monthly outflows reaching $721 million."
During the same period, Fidelity's FBTC showed a net outflow of $1.202 billion, while Grayscale's Bitcoin ETF had a net outflow of $585 million.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
