Editor's PiCK
U.S. spot Bitcoin ETF, $490.43 million net outflow…institutional selling expands
Doohyun Hwang
Summary
- Reported that the U.S. spot Bitcoin ETF experienced a large net outflow of $490.43 million.
- Noted that major ETFs, especially BlackRock's IBIT, have seen consecutive capital outflows.
- Stated that Bitcoin's price rose 0.7% from the previous day on the Binance USDT market, recovering the $110,000 level.
A large net outflow occurred in the U.S. spot Bitcoin (BTC) exchange-traded fund (ETF) market.
On the 30th (local time), according to Trader T's data, U.S. spot Bitcoin ETFs saw a total outflow of $490.43 million in one day, recording net outflows for two consecutive trading days.
The product with the largest outflow was BlackRock's IBIT, which saw $292.87 million flow out in one day. It was followed by ARK Invest's ARKB with $65.62 million, Bitwise's BITB with $55.15 million, and Fidelity's FBTC with $46.55 million in outflows.
Meanwhile, Bitcoin rose 0.7% from the previous day on the Binance Tether (USDT) market, recovering the $110,000 level.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀![[Market] Bitcoin falls below $82,000...$320 million liquidated over the past hour](https://media.bloomingbit.io/PROD/news/93660260-0bc7-402a-bf2a-b4a42b9388aa.webp?w=250)
