US Spot Bitcoin ETFs Experience Significant Outflows Led by Fidelity's FBTC
Friday, 14 June 2024, 04:20
US Spot Bitcoin ETFs Outflows
The US spot bitcoin ETF market experienced a significant downturn with net outflows totaling $226 million.
Decrease in Fidelity's FBTC Holdings
- FBTC ETF by Fidelity witnessed a noteworthy decline in holdings.
The decrease in Fidelity's FBTC holdings played a crucial role in the overall net outflows observed in the US spot bitcoin ETFs market.
Future of US Spot Bitcoin ETFs
The trend of net outflows, particularly with a leading player like Fidelity, raises concerns about the future performance and investor confidence in US spot bitcoin ETFs.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.