The agency side is still reducing
On October 8, US spot Bitcoin ETFs saw another net outflow of about $244 million, following the big outflow on the 7th, marking two consecutive days of withdrawals
This time, the main player switched to Fidelity's FBTC, with roughly $197 million exiting in a single day. ARKB about $20 million, BITB about $18 million, GBTC about $8 million. BlackRock's IBIT only withdrew about $5.5 million, much lighter than the previous day
On that day, the only inflows were almost exclusively Franklin's EZBC, about $4.7 million
Over the two days combined, more than $700 million has flowed out, and we need to first see the capital flows come to a stop
$BTC
On October 8, US spot Bitcoin ETFs saw another net outflow of about $244 million, following the big outflow on the 7th, marking two consecutive days of withdrawals
This time, the main player switched to Fidelity's FBTC, with roughly $197 million exiting in a single day. ARKB about $20 million, BITB about $18 million, GBTC about $8 million. BlackRock's IBIT only withdrew about $5.5 million, much lighter than the previous day
On that day, the only inflows were almost exclusively Franklin's EZBC, about $4.7 million
Over the two days combined, more than $700 million has flowed out, and we need to first see the capital flows come to a stop
$BTC