US Spot Bitcoin ETFs Experience Significant Outflows Led by Fidelity's FBTC

Friday, 14 June 2024, 04:20
The US spot bitcoin ETF market witnessed a notable downturn with a net outflow of $226 million, with Fidelity's FBTC seeing a prominent decline. This movement in outflows signals a shift in investor sentiment towards spot bitcoin ETFs and highlights the impact of Fidelity's FBTC on the market. The trend of net outflows, especially from a major player like Fidelity, raises questions about the future trajectory of the US spot bitcoin ETF market.
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US Spot Bitcoin ETFs Experience Significant Outflows Led by Fidelity's FBTC

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.

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