#BitcoinETFsSee$244MNetOutflows
📰 THE BLEEDING CONTINUES FOR BITCOIN ETFs: $244M IN NET OUTFLOWS
📉💸₿ U.S. spot Bitcoin ETFs recorded $244 million in net outflows on October 8 — marking the second consecutive day of outflows! 😬
📊 Breakdown by fund:
🔴 Fidelity FBTC: -$197M (the largest outflow!)
🔴 Ark ARKB: -$20.3M
🔴 Bitwise BITB: -$17.7M
🔴 Grayscale GBTC: -$8.2M
🔴 BlackRock IBIT: -$5.5M
🟢 Franklin EZBC: +$4.7M (the only fund with inflows!) ✅
💡 About 50% less than the $487M in outflows the previous day — a slight slowdown, but the trend is still negative.
🏦 Total assets: Bitcoin ETFs hold $104.91 billion in assets (6.38% of Bitcoin’s total market capitalization)
📈 Cumulative net inflows since inception: $57.09 billion (the overall picture is still positive)
⚠️ Ethereum ETFs also saw outflows for the 8th consecutive time that same day (-$72.5M) — institutional appetite for both major crypto assets seems to be cooling 🥶
🌍 Reasons: Fed statements + geopolitical tensions + Trump’s remarks on Iran + a general decline in risk appetite
#BTC #CryptoMarket #CryptoNews
$BTC
📰 THE BLEEDING CONTINUES FOR BITCOIN ETFs: $244M IN NET OUTFLOWS
📉💸₿ U.S. spot Bitcoin ETFs recorded $244 million in net outflows on October 8 — marking the second consecutive day of outflows! 😬
📊 Breakdown by fund:
🔴 Fidelity FBTC: -$197M (the largest outflow!)
🔴 Ark ARKB: -$20.3M
🔴 Bitwise BITB: -$17.7M
🔴 Grayscale GBTC: -$8.2M
🔴 BlackRock IBIT: -$5.5M
🟢 Franklin EZBC: +$4.7M (the only fund with inflows!) ✅
💡 About 50% less than the $487M in outflows the previous day — a slight slowdown, but the trend is still negative.
🏦 Total assets: Bitcoin ETFs hold $104.91 billion in assets (6.38% of Bitcoin’s total market capitalization)
📈 Cumulative net inflows since inception: $57.09 billion (the overall picture is still positive)
⚠️ Ethereum ETFs also saw outflows for the 8th consecutive time that same day (-$72.5M) — institutional appetite for both major crypto assets seems to be cooling 🥶
🌍 Reasons: Fed statements + geopolitical tensions + Trump’s remarks on Iran + a general decline in risk appetite
#BTC #CryptoMarket #CryptoNews
$BTC