U.S. spot Bitcoin ETFs registered $523 million in net outflows Tuesday, led by Fidelity’s FBTC with $246.9 million.
Bitcoin News
U.S. spot Bitcoin ETFs registered $523 million in net outflows Tuesday, led by Fidelity’s FBTC with $246.9 million. Grayscale’s GBTC saw $115.5 million in outflows, while BlackRock’s IBIT reported no activity.
Ethereum ETFs posted $422.3 million in redemptions, the second-largest since launch, with Fidelity’s FETH and Grayscale’s ETHE leading losses. Analysts attributed the pullback to profit-taking and broader de-risking amid inflation concerns.
BTC slipped 1.57% to $113,500 and ETH fell 1.54% to $4,163. Analysts noted whale accumulation is cushioning Bitcoin’s downside, while Ethereum faces heavier institutional selling pressure.
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