⚡ Bitcoin $BTC ETF saw net outflows of more than $520 million in a single session; BlackRock’s IBIT alone lost $144 million.
IBIT continued the downtrend from the previous session, shedding $161.7 million, while Fidelity’s FBTC recorded outflows of $214.8 million. On September 15, U.S. Bitcoin ETFs had total net outflows of $450.4 million—the highest since June.
Why is this noteworthy?
Rising Treasury bond yields prompted portfolio managers to shift capital from Bitcoin to safer assets, even though accumulated flows in mid-September remained only slightly positive at around $17 million.
In simple terms:
Money is temporarily leaving Bitcoin funds, but IBIT still leads with net assets of $59–60 billion, and total inflows into Bitcoin ETFs since the start of 2024 have reached about $55 billion.
#CryptoRegulation #CryptoNews
🔗 Source: Crypto Briefing
⚠️ Information is for reference only and is not investment advice. Do your own research before making any decisions (DYOR).
IBIT continued the downtrend from the previous session, shedding $161.7 million, while Fidelity’s FBTC recorded outflows of $214.8 million. On September 15, U.S. Bitcoin ETFs had total net outflows of $450.4 million—the highest since June.
Why is this noteworthy?
Rising Treasury bond yields prompted portfolio managers to shift capital from Bitcoin to safer assets, even though accumulated flows in mid-September remained only slightly positive at around $17 million.
In simple terms:
Money is temporarily leaving Bitcoin funds, but IBIT still leads with net assets of $59–60 billion, and total inflows into Bitcoin ETFs since the start of 2024 have reached about $55 billion.
#CryptoRegulation #CryptoNews
🔗 Source: Crypto Briefing
⚠️ Information is for reference only and is not investment advice. Do your own research before making any decisions (DYOR).