Bitcoin ETF Outflows Persist as Equity Funds Draw Billions
BlackRock’s IBIT led the retreat with $78 million in withdrawals Tuesday as investors shifted billions into stock funds, analysts said.
- On Tuesday, US spot Bitcoin ETFs recorded $95 million in net outflows, while Ether ETFs shed $365.2 million, bringing combined withdrawals to approximately $1.65 billion since early November.
- Market sentiment remains cautious as CryptoQuant's Bitcoin Bull Score Index dropped to 20 on Monday, signaling "extremely bearish" conditions despite slowing daily outflows.
- Third-Quarter filings show Barclays increased IBIT holdings 48% to $187 million, while Citigroup reported a new $119 million position in Fidelity's FBTC as of September 30.
- Separately, Deutsche Bank launched a crypto custody service for institutional clients in Europe on Wednesday, supporting Bitcoin, Ether, USDC, EURC, and EURAU.
- Bitwise analyst Camran Khosravi expects increased bank exposure to Bitcoin ETFs to become visible in future filings, with diversification remaining a primary investor motivation.
24 Articles
24 Articles
Bitcoin slips towards two-month low as ETF outflows deepen - London Business News
Bitcoin edged lower on Monday, trading close to a two-month low as outflows from spot ETFs continued. ETF funds recorded net outflows of USD 411 million on Friday, a second… The post Bitcoin slips towards two-month low as ETF outflows deepen appeared first on London Business News
Barclays and Citi Increase Their Positions in ETF Bitcoin: Together They Have More than $300 Million
Barclays increased 48% in its shares of IBIT and Citi declared a new position of $118.87 million in FBTC. The figures show greater bank exposure to Bitcoin's ETFs, but the reported options and a discrepancy among published aggregates prevent them from reading them as a complete measure of their bets.
Citigroup Takes $119M Fidelity Bitcoin ETF Stake, IBIT +50%
Barclays increased its reported holdings of BlackRock’s spot Bitcoin exchange-traded fund by 48% during the third quarter, adding to early evidence that major banks continued building exposure to regulated Bitcoin investment products.The British bank reported 3.94 million shares of the iShares Bitcoin Trust ETF, or IBIT, worth approximately $186.7 million as of Sept. 30, according to its latest Form 13F filed with the U.S. Securities and Exchang…
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