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$94,194 ETFs are still drawing significant interest even a year after their approval. However, recorded outflows this week raised concerns among market watchers. BlackRock’s IBIT ETF experienced the highest outflow during its second day of trading.
Outflows in U.S. Bitcoin ETFs
According to a report by Farside Investors, a total of $149.4 million was withdrawn from American Bitcoin ETFs this week. The ETF with the highest outflow was BlackRock’s IBIT, while the issuing company reported a total outflow of $183.6 million for U.S. crypto ETFs. Bitwise’s BITB ($0.00) ETF also reported an outflow of $1.6 million.
Despite these significant outflows from U.S. Bitcoin ETFs, the BTC ($94,293.89) price remained largely unaffected today. The leading cryptocurrency experienced a slight decrease of 0.18% in the past 24 hours but showed positive movement for most of …
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