U.S. spot Bitcoin ETFs record net outflows for a fifth straight day, with nearly $300 million leaving in a single day
U.S. spot Bitcoin ETFs saw $299.9 million in net outflows on Wednesday, marking a fifth consecutive trading day of outflows and bringing cumulative outflows to about $1.44 billion since November 5. BlackRock’s IBIT alone saw $269.7 million flow out in a single day, marking its ninth consecutive day of redemptions.
Bitcoin traded in a narrow range around $73,400, while Ethereum hovered around $2,044. The Nvidia turmoil continued to weigh on tech stocks, with Nasdaq 100 futures down 0.6%.
Persistent outflows, combined with CME FedWatch showing roughly a 90% probability of a Fed rate hike in December, have kept the market’s Fear and Greed Index at 26, still in fear territory.
For informational purposes only; not investment advice
$BTC $ETH $BNB #BitcoinETF
U.S. spot Bitcoin ETFs saw $299.9 million in net outflows on Wednesday, marking a fifth consecutive trading day of outflows and bringing cumulative outflows to about $1.44 billion since November 5. BlackRock’s IBIT alone saw $269.7 million flow out in a single day, marking its ninth consecutive day of redemptions.
Bitcoin traded in a narrow range around $73,400, while Ethereum hovered around $2,044. The Nvidia turmoil continued to weigh on tech stocks, with Nasdaq 100 futures down 0.6%.
Persistent outflows, combined with CME FedWatch showing roughly a 90% probability of a Fed rate hike in December, have kept the market’s Fear and Greed Index at 26, still in fear territory.
For informational purposes only; not investment advice
$BTC $ETH $BNB #BitcoinETF