Bitcoin ETF

Bitcoin

Million

<ul class="wp-block-list">
 <li>The U.S. Bitcoin ETFs are experiencing significant outflows, with ARK 21Shares Bitcoin ETF seeing a notable outflow of $101.97M.&nbsp;</li>
 <li>Bitwise Asset Management announced the acquisition of Osprey Bitcoin Trust, signalling a consolidation in the Bitcoin ETF market.&nbsp;</li>
 <li>The broader cryptocurrency market has also suffered, losing over $144 billion intraday.&nbsp;</li>
</ul>
The Bitcoin exchange-traded funds (ETFs) in the United States are battling severe outflow, bleeding millions intraday. The cumulative inflow of GrayScale reached -$19.57 Billion after an outflow of $18.32 Million in the past 24 hours.&nbsp;
According to the data fromSoSovalue, the daily total net inflow of the Bitcoin ETF in the U.S. reached -$127.5 Million until press time. ARK 21Shares Bitcoin ETF(ARKB) has mirrored a significant outflow of $101.97 Million, followed by GBTC and BITB spot.&nbsp; 
IBIT spot by BlackRock is among the most traded BTC ETFs among others, with a daily trading volume of 19.49 Million, followed by GBTC by GrayScale, which has a trading volume of $6.94 Million.&nbsp; Other Related News&nbsp; 
In its press release dated August 26, 2024, Bitwise Asset Management noted the acquisition of Osprey Bitcoin Trust. In a move signalling consolidation in the Bitcoin ETF market, Bitwise is set to integrate Osprey’s $120 million assets under its own Bitwise Bitcoin ETF (BITB).
As part of the deal, holders of Osprey’s OBTC units will receive shares of BITB in a liquidating distribution, streamlining the Bitcoin ETF landscape.
After reaching a high point in early March, spot bitcoin <a href="https://news.todayq.com/russias-national-crypto-exchange-to-debut-on-september-1/" rel="noopener noreferrer nofollow">ETF </a>trading volumes have taken a nosedive, with many issuers experiencing zero flows since the beginning of this week. This decline suggests a lack of investor enthusiasm and a potential shift in market sentiment. Bitcoin Price Overview&nbsp; 
On the first day of 2024, Bitcoin was trading at $44,192, and by March 14, it recorded its all-time high of $73,750.07. It was trading at $58,638 at press time, with an intraday decline of 6.82%.&nbsp;
According to data from BTC, prices fell 13.49% in the past 30 days and 13.09% in a quarter. Although in the YTD (year to date) time frame, its price is in addition to 38.77%.&nbsp;&nbsp;&nbsp;&nbsp;
The press time trading price of Bitcoin was trading below 20, 50, 100, and 200 EMA (Exponential Moving Average). Market experts claim that if its price declines, it might soon test the nearest support of $56,436.&nbsp;
Since the beginning of the August 28 trading session, Bitcoin has mirrored a constant bear dominance, directing sudden decline.&nbsp; Crypto Market Price Update 
The <a href="https://news.todayq.com/blackrock-launches-ether-spot-etf-etha39-in-brazil-on-aug-28/" target="_blank" rel="noopener noreferrer nofollow">cryptocurrency </a>market capitalization has lost over $144 Billion intraday, reaching $2.033 Trillion; however, it has grown significantly in YTD, adding 26.24%.&nbsp; Source: TradingView 
In the past 24 hours, Fantom (FTM) lost more than 12%, reaching $0.4324. This was followed by Polygon (MATIC) at $0.451, with an intraday decline of 11.22%.&nbsp;&nbsp;&nbsp;
Despite the constant bleeding of some leading altcoins, memecoins continued to gain dominance over the market. Popcat (POPCAT) trading prices are up by 61% in a week, followed by Floki (FLOKI) $0.0001525 with a boost of 22%.&nbsp;&nbsp;
Since the past few weeks, the trading volume of Floki has been constantly surging; now, it is the 17th most traded in the market with an intraday volume of $600 Million.&nbsp;

Bitcoin ETFs Bleed: ARKB Leads With $101.97Million Outflow

Todayq News

Other articles published on Aug 28, 2024

Russia Commences Crypto Payment Trials from September 1

As Investor Sentiment Wavers Over Dogecoin (DOGE), PandaWorld (PADW) Emerges as a Promising Alter...

Get Ready For the BIGGEST Polygon Move!

Best Cryptocurrencies to Invest in Right Now August 28 – Internet Computer, Injective, Avalanche

Trader Who First Made $3 Million This Month In The Cryptocurrency Market And Then Lost It All, Te...

DOGE Fails to Reclaim $0.10: What’s Next for the Meme Coin?

Join our free newsletter for daily crypto updates!