Fidelity bought what BlackRock sold: $237M in vs $201M out on the same day.
US spot Bitcoin ETFs snapped their outflow streak on Nov 4 with +$74.6M net (SoSoValue):
• FBTC: +$236.7M
• IBIT: -$201.2M, a 4th straight outflow day
• Spot Ether ETFs: +$53M after a multi-day bleed
That ended $1.16B of Bitcoin ETF outflows over three sessions.
My take: the flow is rotating between issuers, not a clean return of buyers. One green day isn't a trend. Watch whether IBIT flips positive too.
Will IBIT post inflows by Monday: yes or no?
$BTC $ETH
#BitcoinETF #Bitcoin #CryptoNews
Not financial advice.
US spot Bitcoin ETFs snapped their outflow streak on Nov 4 with +$74.6M net (SoSoValue):
• FBTC: +$236.7M
• IBIT: -$201.2M, a 4th straight outflow day
• Spot Ether ETFs: +$53M after a multi-day bleed
That ended $1.16B of Bitcoin ETF outflows over three sessions.
My take: the flow is rotating between issuers, not a clean return of buyers. One green day isn't a trend. Watch whether IBIT flips positive too.
Will IBIT post inflows by Monday: yes or no?
$BTC $ETH
#BitcoinETF #Bitcoin #CryptoNews
Not financial advice.