#fidelitycryptoetf
fidelitycryptoetf
0 views
2 Discussing
Hot
Latest
🔥 Bitcoin ETFs Shed $225M, Snapping Seven-Day Inflow Streak as Iran Tensions Spook Markets.
Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief U.S. spot Bitcoin ETFs posted $225.2 million in net outflows on July 23, ending a seven-day streak that had pulled in nearly $1 billion, according to SoSoValue data. BlackRock's IBIT accounted for the bulk of the exit at $202.5 million, while Morgan Stanley's MSBT was the only Bitcoin fund to add money, taking in $5 million. Spot Ethereum ETFs moved the opposite direction, adding $26.3 million to stretch their own inflow streak to five straight days. Bitcoin ETFs just had their first bad day in more than a week.
U.S.-listed spot Bitcoin ETFsstock market funds that hold Bitcoin so investors don't need their own crypto walletposted $225.2 million in net outflows on Thursday, snapping a seven-session streak that had pulled in close to $1 billion. It's the category's first negative day since July 13. An outflow means more investors cashed out than put money in, forcing the fund to sell some of its Bitcoin to cover redemptions. One bad day didn't erase a good week: the funds still closed roughly $274 million higher for the five sessions through Thursday. BlackRock's IBIT, the largest fund in the category, did almost all of the damage, shedding $202.5 million.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
$BTC $ETH
#BitcoinETFInflows #BlackRockBitcoinETF #FidelityCryptoETF
Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief U.S. spot Bitcoin ETFs posted $225.2 million in net outflows on July 23, ending a seven-day streak that had pulled in nearly $1 billion, according to SoSoValue data. BlackRock's IBIT accounted for the bulk of the exit at $202.5 million, while Morgan Stanley's MSBT was the only Bitcoin fund to add money, taking in $5 million. Spot Ethereum ETFs moved the opposite direction, adding $26.3 million to stretch their own inflow streak to five straight days. Bitcoin ETFs just had their first bad day in more than a week.
U.S.-listed spot Bitcoin ETFsstock market funds that hold Bitcoin so investors don't need their own crypto walletposted $225.2 million in net outflows on Thursday, snapping a seven-session streak that had pulled in close to $1 billion. It's the category's first negative day since July 13. An outflow means more investors cashed out than put money in, forcing the fund to sell some of its Bitcoin to cover redemptions. One bad day didn't erase a good week: the funds still closed roughly $274 million higher for the five sessions through Thursday. BlackRock's IBIT, the largest fund in the category, did almost all of the damage, shedding $202.5 million.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
$BTC $ETH
#BitcoinETFInflows #BlackRockBitcoinETF #FidelityCryptoETF
Log in to explore more content