Bitcoin ETF

Bitcoin

Rise

<ul class="wp-block-list news-points">
 <li>U.S. spot Bitcoin ETFs experienced significant outflows on Tuesday, October 1.</li>
 <li>The ETFs saw aggregate outflows of $242.6 million on Tuesday.</li>
 <li>BlackRock bought the dip, adding 660 Bitcoins to their holdings.</li>
</ul>
U.S. spot Bitcoin ETFs saw significant outflows on Tuesday, October 1st, as Bitcoin dropped below $61,000 due to rising tensions in the Middle East. Data from Farside Investors indicates that the ETFs had aggregate outflows of <a href="https://farside.co.uk/btc/" target="_blank" rel="noopener noreferrer nofollow">$242.6 million</a>, the second-largest outflow in nearly a month, with BTC ETFs experiencing a $288 million outflow on September 3.
Tuesday’s outflows ended an 8-day streak of inflows for Bitcoin ETFs, which saw $494 million flow into these products on September 27th, leading many analysts to confirm bullish sentiment for Bitcoin. Notably, BTC ETFs had a $365 million inflow the previous day as well.
Farside Investors’ data shows that Fidelity’s FBTC led the outflows with $144.7 million, representing over 50% of the total daily outflows. ARK 21Shares Bitcoin ETF followed with an $84.3 million loss, while the Bitwise Bitcoin ETF had a $32.7 million outflow.
Other ETFs that registered losses include the VanEck Bitcoin ETF, which ha…
The post <a href="https://coinedition.com/bitcoin-etf-investors-flee-242m-outflow-as-middle-east-tensions-rise/" rel="noopener noreferrer nofollow">Bitcoin ETF Investors Flee: $242M Outflow as Middle East Tensions Rise</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Bitcoin ETF Investors Flee: $242M Outflow as Middle East Tensions Rise

Coin Edition

Other articles published on Oct 2, 2024

Over 80% of 2022 Crypto Startups Remain Active Despite Market Turmoil: Report

Hedera Joins MiCA Crypto Alliance with Ripple and Aptos, Launches Asset Tokenization Studio

Automobili Lamborghini, Animoca Brands, and Motorverse to Launch Fast ForWorld Gaming Platform

Coinstore Labs ICP Chain Fusion Hackathon 2024: Winners & Key Highlights in Web3.0 Innovation

Bitcoin Drops Amid Escalating Middle East Tensions: Investors Seek Safe Havens

ETF XRP Semakin Dekat, Ini Langkah Terbaru dari Bitwise

Join our free newsletter for daily crypto updates!