$530M Exits Crypto ETFs as Post-Election Bitcoin, Ether Rally Fizzles
Photo: TheCoinrise
Fidelity's funds led the reversal as combined Bitcoin and Ether ETF redemptions topped half a billion dollars US spot Bitcoin and Ether ETFs posted combined outflows of approximately $530 million, according to Cointelegraph. The figure signals a sharp pullback after weeks of renewed investor interest tied to election-related market optimism. Crypto.news reported that Bitcoin ETFs accounted for about $430 million of the total outflows. The outlet noted that Fidelity's fund reversed course, shifting from net inflows to redemptions. That reversal appears to have been a major driver of the broader pullback across the Bitcoin ETF category.
Source: TheCoinrise
