Spot Bitcoin ETFs in the United States saw a $253.4 million outflow on Thursday as the asset continued to weaken.
The total outflow for the week now stands at around $480 million, and Friday is likely to see that increase as BTC prices collapse below key support levels.
Bitcoin prices fell to a four-week low just below $109,000 in late trading on Thursday. However, it has yet to match the bottom of this correction so far, which was around $107,500 in early September.
ETF Interest Cooling
BlackRock’s IBIT was the only fund to see an inflow yesterday as $78 million entered the product. Its rivals, Fidelity, Bitwise, ARK 21Shares, Franklin, VanEck, and Grayscale all saw outflows from their respective ETFs.
The cooling follows a couple of very strong months for Bitcoin ETFs, which have seen total inflows top $57 billion. It’s not all doom and gloom as BlackRock has not seen an outflow day for three weeks, despite the market pullback.
Blackrock’s Bitcoin ETF, $IBIT, bought:
1,900 Bi
We współpracy z: https://cryptopotato.com/crypto-etf-exodus-accelerates-as-bitcoin-falls-below-109k/
