Spot Bitcoin and Ether Funds Shed $530 Million in One Day
Photo: TokenPost
U.S. spot Bitcoin and Ether exchange-traded funds saw $530 million in net withdrawals Thursday as Bitcoin fell below $76,000 amid a sharp decline in U.S. stocks. Bitcoin funds accounted for $430 million of the total, while Ether products lost about $100 million. The reversal followed $128 million in combined inflows Wednesday, when Bitcoin briefly rose above $80,000 after Democrats’ victories in the U.S. midterm elections. Fidelity’s Wise Origin Bitcoin Fund (FBTC) had the largest outflow, at about $200 million, after taking in roughly $237 million Wednesday.
Source: TokenPost
