#BitcoinETFsSee$244MNetOutflows
๐ฐ THE BLEEDING CONTINUES FOR BITCOIN ETFs: $244M IN NET OUTFLOWS
๐๐ธโฟ U.S. spot Bitcoin ETFs recorded $244 million in net outflows on October 8 โ marking the second consecutive day of outflows! ๐ฌ
๐ Breakdown by fund:
๐ด Fidelity FBTC: -$197M (the largest outflow!)
๐ด Ark ARKB: -$20.3M
๐ด Bitwise BITB: -$17.7M
๐ด Grayscale GBTC: -$8.2M
๐ด BlackRock IBIT: -$5.5M
๐ข Franklin EZBC: +$4.7M (the only fund with inflows!) โ
๐ก About 50% less than the $487M in outflows the previous day โ a slight slowdown, but the trend is still negative.
๐ฆ Total assets: Bitcoin ETFs hold $104.91 billion in assets (6.38% of Bitcoinโs total market capitalization)
๐ Cumulative net inflows since inception: $57.09 billion (the overall picture is still positive)
โ ๏ธ Ethereum ETFs also saw outflows for the 8th consecutive time that same day (-$72.5M) โ institutional appetite for both major crypto assets seems to be cooling ๐ฅถ
๐ Reasons: Fed statements + geopolitical tensions + Trumpโs remarks on Iran + a general decline in risk appetite
#BTC #CryptoMarket #CryptoNews
$BTC
๐ฐ THE BLEEDING CONTINUES FOR BITCOIN ETFs: $244M IN NET OUTFLOWS
๐๐ธโฟ U.S. spot Bitcoin ETFs recorded $244 million in net outflows on October 8 โ marking the second consecutive day of outflows! ๐ฌ
๐ Breakdown by fund:
๐ด Fidelity FBTC: -$197M (the largest outflow!)
๐ด Ark ARKB: -$20.3M
๐ด Bitwise BITB: -$17.7M
๐ด Grayscale GBTC: -$8.2M
๐ด BlackRock IBIT: -$5.5M
๐ข Franklin EZBC: +$4.7M (the only fund with inflows!) โ
๐ก About 50% less than the $487M in outflows the previous day โ a slight slowdown, but the trend is still negative.
๐ฆ Total assets: Bitcoin ETFs hold $104.91 billion in assets (6.38% of Bitcoinโs total market capitalization)
๐ Cumulative net inflows since inception: $57.09 billion (the overall picture is still positive)
โ ๏ธ Ethereum ETFs also saw outflows for the 8th consecutive time that same day (-$72.5M) โ institutional appetite for both major crypto assets seems to be cooling ๐ฅถ
๐ Reasons: Fed statements + geopolitical tensions + Trumpโs remarks on Iran + a general decline in risk appetite
#BTC #CryptoMarket #CryptoNews
$BTC