Bitcoin ETFs Experience $363M Loss Due to Fed Cuts Prompting Sell-Off
Ethereum ETFs saw a redemption increase of $76 million, contributing to a total institutional withdrawal of $439 million across significant cryptocurrency offerings. In addition, Bitcoin exchange-traded funds experienced a notable outflow of $363.1 million on Monday, as investors adjusted their holdings following the Federal Reserve’s announcements. The leading outflow was from Fidelity’s FBTC, which accounted […]
Bitcoin ETFs see a $363M increase, continuing a 12-day trend of inflows to $6.6B.
The Spot Bitcoin ETF saw a significant net inflow of $363 million on Friday, marking the twelfth straight day of positive returns for investors. Leading the charge is BlackRock’s iShares Bitcoin Trust (IBIT), which added a remarkable $496.75 million, solidifying its status as the largest spot Bitcoin (BTC) ETF with total assets amounting to $86.5 […]