Bitcoin Exchange-Traded Funds Experience Significant Outflows, Fidelity's FBTC at the Forefront

Friday, 14 June 2024, 08:14
The latest data reveals that Bitcoin ETFs encountered substantial outflows, with Fidelity's FBTC notably leading the trend. Among the ETFs, BlackRock's IBIT emerged as the only fund to attract a net inflow, contrasting the overall scenario of outflows characterized by most funds. This pattern signals a noteworthy shift in investor sentiment and allocation within the Bitcoin ETF landscape.
CoinDesk
Bitcoin Exchange-Traded Funds Experience Significant Outflows, Fidelity's FBTC at the Forefront

Bitcoin ETFs Outflows Overview

The recent market data indicates a noteworthy trend of outflows within the Bitcoin ETF sector.

Fidelity's FBTC Takes the Lead

The outflows were prominently led by Fidelity's FBTC ETF, reflecting shifting investor preferences.

  • BlackRock's IBIT records a net inflow on Thursday, standing out amidst the outflow pattern.

Overall, the movement in ETF flows signals significant changes in market sentiment and investor behavior.

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