Bitcoin Price Holds $78K as ETF Outflows Slow to $116M
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5 Articles
Bitcoin Price Holds $78K as ETF Outflows Slow to $116M
U.S. bitcoin ETFs lost $115.56 million on Tuesday, extending their outflow streak to three sessions but showing a sharp slowdown from the heavy selling seen Friday and Monday. Bitwise, Fidelity Add Cash as Blackrock Sheds $95M The pressure on bitcoin exchange-traded funds (ETFs) is still visible, though the pace is beginning to soften. Funds posted […]
U.S. Spot Bitcoin ETFs Lost $115.6 Million on November 3, Their Third Straight Day of Outflows:
HedgeCo.Net — U.S. spot bitcoin exchange-traded funds recorded net outflows of $115.6 million on Tuesday, November 3, the third consecutive day of withdrawals, according to Farside Investors data. BlackRock’s iShares Bitcoin Trust (IBIT) accounted for most of the selling, with $95.0 million of outflows, and Grayscale’s Bitcoin Mini Trust (BTC) lost $52.6 million. Partly offsetting those, Bitwise’s BITB took in $21.9 million, Fidelity’s FBTC $6.8…
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