Summary
- It was reported that $409.48 million in funds consecutively flowed out of U.S. Bitcoin spot ETFs.
- It was revealed that hundreds of millions of dollars also exited from Ark Invest's 'ARKB', Fidelity's FBTC, and BlackRock's IBIT.
- It was reported that this is drawing investors' attention as Bitcoin trades at around $86,300, down 1.78% in the Binance Tether market.
U.S. Bitcoin (BTC) spot ETFs recorded net outflows for the second consecutive trading day.
According to data from TraderT on the 7th (local time), Bitcoin spot ETFs traded in the United States experienced a total net outflow of $409.48 million.
Ark Invest's 'ARKB' alone saw $160.03 million exit, while Fidelity's FBTC and BlackRock's IBIT recorded outflows of $154.89 million and $40.12 million respectively. Additionally, Grayscale's GBTC and Bitwise's BITB also recorded net outflows of $36.46 million and $18.60 million respectively.
As of 2:15 PM on this day, Bitcoin was trading at around $86,300 on Binance's Tether (USDT) market, down 1.78% compared to the previous day.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀
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