**Bitcoin Stagnant Due to ETF Outflow Reaching Rp28 Trillion**
Bitcoin (BTC) has remained stagnant at the level of US$89,000 for the last 3 days, according to CoinMarketCap, Saturday (24/01).
However, the catalyst is due to the outflow of ETFs since January 16, where it reached more than US$1.7 billion or Rp1.7 trillion.
Furthermore, on the combined outflow of January 16 and January 23, Fidelity Wise Origin Bitcoin Fund (FBTC) led the outflow with US$654 million, while BlackRock's iShares Bitcoin Trust ETF (IBIT) had around US$535 million.
Then, there is Grayscale Bitcoin Trust (GBTC) with around US$215 million, Bitwise Bitcoin ETF (BITB) US$155 million, and ARK 21Shares Bitcoin ETF (ARKB) S$144 million.
Lastly, VanEck Bitcoin (HODL) outflow was US$12 million, and Franklin Bitcoin ETF (BTC) US$10 million. Additionally, there is Coinshares Bitcoin ETF (BRRR) amounting to US$3 million.
Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR)
Bitcoin (BTC) has remained stagnant at the level of US$89,000 for the last 3 days, according to CoinMarketCap, Saturday (24/01).
However, the catalyst is due to the outflow of ETFs since January 16, where it reached more than US$1.7 billion or Rp1.7 trillion.
Furthermore, on the combined outflow of January 16 and January 23, Fidelity Wise Origin Bitcoin Fund (FBTC) led the outflow with US$654 million, while BlackRock's iShares Bitcoin Trust ETF (IBIT) had around US$535 million.
Then, there is Grayscale Bitcoin Trust (GBTC) with around US$215 million, Bitwise Bitcoin ETF (BITB) US$155 million, and ARK 21Shares Bitcoin ETF (ARKB) S$144 million.
Lastly, VanEck Bitcoin (HODL) outflow was US$12 million, and Franklin Bitcoin ETF (BTC) US$10 million. Additionally, there is Coinshares Bitcoin ETF (BRRR) amounting to US$3 million.
Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR)
