The largest withdrawal in a single day since August 6 was $127 Million for U.S. Bitcoin ETFs. This outflow was the culmination of an eight-day positive streak totaling $756 millions.
Today is Tuesday the Bitcoin ETF Ark Invest, with a $102 million outflow was the largest. Grayscale’s Bitcoin Trust, Bitwise’s Bitcoin ETF and Bitwise’s Bitcoin Trust also saw net outflows between $18 and $7 million.
BlackRock’s Bitcoin ETF has seen no new inflows since a $224m inflow on MondayFidelity’s Bitcoin ETFs, as well as other Bitcoin ETFs, saw no significant changes to their inflows or withdrawals.
Investors’ profits-taking following Bitcoin’s surge past $60,000. Bitcoin’s price has dropped around 10% since then.
Leading financial institutions have expanded their offerings of bitcoin products. CME Group announced a Bitcoin Futures Contract aimed specifically at retail traders on Tuesday. Nasdaq also filed Bitcoin index options require regulatory approval.
Bitcoin is becoming increasingly popular among mainstream investors. The demand for Bitcoin is increasing. spot Bitcoin ETFs Although there were outflows in the last week, overall trends point to increasing institutional adoption.
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Source: bitcoinmagazine.com
