BTCETFOutflows
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š Bitcoin ETFs See $650M in Outflows
After six straight weeks of inflows, Bitcoin ETFs from #BlackRock , Fidelity, and others saw their second-largest weekly outflow of $651.8M, while BTCās price remained stable. š
For context:
š¹ In January, ETF inflows hit $2B, pushing $BTC to a new ATH of $109K š
š¹ The largest outflow ever was in Sept 2024āover $700M, causing BTC to drop 10% š
Despite the pullback, spot ETFs continue to give traditional investors access to BTC, fueling demand in 2024. Is this just a cool-off before the next leg up? š¤š„
#BTCETFOutflows #BTCETFS
For context:
š¹ In January, ETF inflows hit $2B, pushing $BTC to a new ATH of $109K š
š¹ The largest outflow ever was in Sept 2024āover $700M, causing BTC to drop 10% š
Despite the pullback, spot ETFs continue to give traditional investors access to BTC, fueling demand in 2024. Is this just a cool-off before the next leg up? š¤š„
#BTCETFOutflows #BTCETFS
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