Ark Invest 21Shares’ ARKB fund recorded net outflows of $87.5 million on Tuesday, the highest since its debut, according to SoSoValue data.
This amount exceeds Grayscale’s outflow from GBTC, which recorded $81.9 million on the same day.Just on Monday, ARKB experienced a net outflow. first time Since debut. It is worth noting that ARKB has recorded cumulative net inflows of $2.2 billion to date, according to SoSoValue. data.
BlackRock’s IBIT posted net inflows of $150.5 million, followed by Fidelity’s funds, which added $44.8 million. VanEck and Bitwise’s spot ETFs received inflows of $3 million to $5 million.
11 U.S. Spot Bitcoin ETFs saw combined net inflows of approximately $39.47 million (SoSoValue) data showed that.
Bitcoin price decline
The Spot Bitcoin ETF outflow coincided with a drop in Bitcoin prices on Tuesday. The world’s largest cryptocurrency was trading at $65,881 as of 11:30 pm ET on Tuesday, down 1.4% over the past 24 hours, according to The Block. price page. Bitcoin has fallen over 6.6% in the past seven days.
Bitcoin halving Scheduled to take place later this month, the historically bearish event will be followed by a secular bullish cycle, Justin Danesan, Head of Asia Pacific Business Development at Keylock, told The Times on Monday. told Block.
Mark Yusko, CEO of Morgan Creek Capital Management, said: previous interview According to CNBC, the halving will generate a lot of interest in Bitcoin and cause FOMO (or fear of missing out) among investors, ultimately leading to Bitcoin’s value increasing by $150,000 by the end of the year. It is said that it will reach .
on the other hand, GMCI 30 IndexIt represents a selection of the top 30 cryptocurrencies and has fallen by 1.2% in the past 24 hours.
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