Bitcoin ETFs Shed $729M in Two Days as Investors Reverse Course
Photo: Bitcoin Magazine
Investors have fast cashed out of bitcoin exchange-traded funds this week. It’s showing in the price. U.S. investors this week reversed course, cashing out $729 million from spot bitcoin exchange-traded funds — putting downward pressure on the leading cryptocurrency’s price. Funds managed by BlackRock, Fidelity, Morgan Stanley, and ARK 21-Shares all experienced significant outflows on Wednesday and Thursday, according to data from Farside Investors. Investors had started the week by selling close to $90 million in shares but then bought nearly $119 million on Tuesday.
Source: Bitcoin Magazine
