One fund drove almost the entire Bitcoin ETF exit on Friday.
Of the $412M that left US spot Bitcoin ETFs on Nov 6, BlackRock's IBIT alone was about $403M.
Fidelity's FBTC actually took in $42.8M.
Weekly net outflow: roughly $1.28B (Farside via Coinpaper).
My take: this looks like one big holder rotating, not a broad run for the exits. Still, with CPI on Tuesday, flows are the number to watch for $BTC .
Do you read this as one-off rebalancing or the start of a wider trend? Reply with your view.
Not financial advice.
#Bitcoin #BTCETF #IBIT #CPI
Of the $412M that left US spot Bitcoin ETFs on Nov 6, BlackRock's IBIT alone was about $403M.
Fidelity's FBTC actually took in $42.8M.
Weekly net outflow: roughly $1.28B (Farside via Coinpaper).
My take: this looks like one big holder rotating, not a broad run for the exits. Still, with CPI on Tuesday, flows are the number to watch for $BTC .
Do you read this as one-off rebalancing or the start of a wider trend? Reply with your view.
Not financial advice.
#Bitcoin #BTCETF #IBIT #CPI