U.S.-based spot bitcoin exchange-traded funds (ETFs) experienced a downturn on Thursday, with a hefty $ 242.30 million in outflows draining from the 12 funds. Among them, Blackrock felt the brunt of the day’s trading, losing the most. Market Jitters: $ 242M Drains From U.S. Bitcoin ETFs, Blackrock Feels the Heat Data harvested from …
Bitcoin ETFs Bleed $242M While Ethereum Funds Follow With $48M in Losses
On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) saw $ 242.53 million exit, following a sharp drop in bitcoin’s value. Similarly, the nine spot ethereum ETFs experienced a loss of $ 48.52 million in the day’s trading. Fidelity and Grayscale Lead the Pack in Tuesday’s ETF Outflows After a series of positive inflows, …