Editor's PiCK
US Bitcoin Spot ETF Sees Net Outflows for Two Consecutive Trading Days
Doohyun Hwang
Summary
- It was reported that the US Bitcoin (BTC) spot exchange-traded fund (ETF) recorded net outflows for two consecutive days.
- It was stated that Bitwise (BITB), Ark Invest (ARKB), and GBTC saw fund outflows of $17.85 million, $21.82 million, and $25.21 million, respectively.
- In contrast, BlackRock, Fidelity, and Invesco recorded a flat trend, attracting market attention.
The US Bitcoin (BTC) spot exchange-traded fund (ETF) experienced net outflows for two consecutive trading days.
According to data from Trader T on the 4th (local time), a total net outflow of $64.88 million occurred from Bitcoin spot ETFs traded in the US on that day.
Major asset managers' spot ETFs, such as BlackRock (IBIT), Fidelity (FBTC), and Invesco (BTCO), recorded a flat trend with no significant fund changes. In contrast, Bitwise (BITB) saw an outflow of $17.85 million, Ark Invest (ARKB) saw an outflow of $21.82 million, and Grayscale's GBTC experienced a fund outflow of $25.21 million.
On this day, Bitcoin is trading at around $83,700 on the Binance Tether (USDT) market, up 1.2% from the previous day.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀
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