🚨ALERT: Investors pulled $1.44 BILLION from BlackRock’s Bitcoin ETF $IBIT.ETF alone over six straight trading days.
U.S. spot Bitcoin ETFs saw $1.92B in net outflows from Oct. 30 through Nov. 6.
On Friday, IBIT accounted for $403M of the $411.9 million in net outflows.
Fidelity’s FBTC was the only fund with inflows, adding $42.8M.
The streak points to WEAKER investor confidence.
Institutions may be trimming Bitcoin exposure, though ETF flow data can’t tell us who’s selling.
If redemptions lead to $BTC sales, they can add pressure to the spot market.
#BinanceReopensWithdrawalsForHYPE&APT
#TradFiForBeginners
U.S. spot Bitcoin ETFs saw $1.92B in net outflows from Oct. 30 through Nov. 6.
On Friday, IBIT accounted for $403M of the $411.9 million in net outflows.
Fidelity’s FBTC was the only fund with inflows, adding $42.8M.
The streak points to WEAKER investor confidence.
Institutions may be trimming Bitcoin exposure, though ETF flow data can’t tell us who’s selling.
If redemptions lead to $BTC sales, they can add pressure to the spot market.
#BinanceReopensWithdrawalsForHYPE&APT
#TradFiForBeginners
