2024-11-26 13:32 |
Bitcoin ETFs experienced a $435 million outflow on Nov. 25, ending a $3.3 billion inflow streak. Data from Farside Investors show significant withdrawals across several funds, including those from BlackRock, Fidelity, and Bitwise.
BlackRock’s IBIT reported inflows of $267.8 million, while Fidelity’s FBTC saw outflows totaling $134.7 million. Bitwise’s BITB faced outflows of $280.7 million, and Ark’s ARKB reported withdrawals of $110.9 million. Invesco’s BTCO and WTree’s HODL experienced outflows of $10.9 million and $8.1 million, respectively. Grayscale’s GBTC had an outflow of $158.2 million, contributing to the overall decline.
Analysts are assessing whether these outflows indicate profit-taking or a potential shift in market sentiment. Investors are closely monitoring the approach to the $100,000 milestone amid ongoing market volatility.
The post Bitcoin ETFs drop $435 million after $3.3 billion inflow streak appeared first on CryptoSlate.
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