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- Farside Investors data reported that about $342 million was withdrawn from Bitcoin spot ETFs.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- The product with the largest outflow was Fidelity's FBTC, which saw $172.7 million withdrawn.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According to Farside Investors data on the 1st (local time), approximately $342 million was withdrawn from Bitcoin spot ETFs.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The product with the largest outflow was Fidelity's FBTC, with $172.7 million withdrawn.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
20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE
![[Market] Bitcoin briefly gives back $69,000… Fallout from Trump’s ‘Strait of Hormuz warning’](https://media.bloomingbit.io/PROD/news/78293fc1-a315-4ebb-81cf-f2cb32921d57.webp?w=250)
