"Bitcoin ETFs recorded net outflows of $137.8 million, extending the losing streak to three days. Blackrock's IBIT led the declines with $54.73 million in exits, followed by Fidelity's FBTC at $36.13 million and Ark & 21Shares' ARKB at $30.04 million."
"Three days of straight outflows have seen bitcoin ETFs shed close to $500 million. Trading activity, however, remained elevated. Bitcoin ETFs saw $2.04 billion in total value traded, reflecting continued market engagement despite the negative flows."
"Ether ETFs followed a similar path, though with notable losses. The total net assets for bitcoin ETFs fell below the $100 billion mark, closing at $99.27 billion, a level that may carry psychological weight for investors."
Bitcoin ETFs faced $137.8 million in outflows, marking three consecutive days of losses, primarily driven by Blackrock's IBIT. Ether ETFs lost $87.73 million, reflecting broader market caution. In contrast, XRP ETFs gained $3.59 million, while Solana products remained inactive. Despite the outflows, trading activity in bitcoin ETFs reached $2.04 billion, indicating ongoing market engagement. The total net assets for bitcoin ETFs fell below $100 billion, closing at $99.27 billion, which may influence investor sentiment.
Read at news.bitcoin.com
Unable to calculate read time
Collection
[
|
...
]