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Bitcoin ETFs saw heaviest outflows in four months on Tuesday as crypto prices plunged
Spot bitcoin exchange-traded funds had their worst day in over four months on Tuesday as investors pulled some of their money alongside a broader market selloff. More than $287 million was withdrawn from the 11 U.S.-listed ETFs, the biggest day for outflows since May 1, according to Farside Investors data. The funds hit the market in January, following a ruling by the SEC that allowed financial firms to package bitcoin into ETFs, the same way they do for stocks and bonds. Fidelity led redemptions, with investors on Tuesday selling more than $162 million worth of shares in its FBTC fund. Grayscale, which has seen net ... (full story)
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- Posted: Sep 4, 2024 3:54pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 108
