PiCK
Bitcoin Spot ETF Records $342 Million Net Outflow...Turns to Outflow after 16 Trading Sessions
YM Lee
Summary
- Farside Investors data reported that about $342 million was withdrawn from Bitcoin spot ETFs.
- It was stated that this is the first net outflow in about a month and a half since June 9.
- The product with the largest outflow was Fidelity's FBTC, which saw $172.7 million withdrawn.
The Bitcoin (BTC) spot Exchange-Traded Fund (ETF) has recorded a net capital outflow for the first time in about a month.
According to Farside Investors data on the 1st (local time), approximately $342 million was withdrawn from Bitcoin spot ETFs. This net outflow occurred for the first time in about a month and a half since June 9.
The product with the largest outflow was Fidelity's FBTC, with $172.7 million withdrawn.
YM Lee
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