On Tuesday, spot bitcoin exchange-traded funds (ETFs) experienced their first outflows after an eight-day run of inflows. The group of funds saw $ 127.05 million withdrawn, with ARKB taking the brunt of the losses, shedding $ 101.97 million. Ether ETFs also saw declines, though their losses were less significant compared to their bitcoin …
ETF Analyst Comments on ARKB Outflows: A Reality Check for Crypto’s Hodler Class
In a modest yet positive development, U.S. spot bitcoin exchange-traded funds (ETFs) saw a net inflow of $ 39.5 million, even as the ETF ARKB experienced a substantial outflow of $ 87.5 million. Despite ARKB’s significant outflow surpassing that of GBTC, Grayscale’s Bitcoin Trust also faced a reduction, with approximately $ 81.9 …