Bitcoin ETF

Million

Spot

<p>The spot ETFs of Bitcoin have recently seen significant outflows. As per SoSoValue, an AI-powered investment research forum, the net outflow of the BTC ETFs reached $20.445 million on the 3<sup>rd</sup> of July. The platform took to its official social media account to reveal the respective development. It considers this scenario to be suggesting a slight decline in the interest of the investors.</p>
<h2 class="wp-block-heading" id="bitcoin-spot-etfs-incur-20-4495-million-in-net-outflow">Bitcoin Spot ETFs Incur $20.4495 Million in Net Outflow</h2>
<p>In its latest X post, SoSoValue pointed out that the respective increase in the outflows is alarming. Nonetheless, the company added that an in-depth analysis of the statistics discloses more information. In this respect, the individual exchange-traded funds reportedly provide an additionally nuanced picture. The GBTC ETF of Grayscale topped the list of <a href="https://blockchainreporter.net/price-prediction/bitcoin-price-prediction/" data-type="post" data-id="64778" rel="noopener noreferrer nofollow">Bitcoin</a> ETFs in terms of outflows.</p>
<p>According to <a href="https://sosovalue.xyz/" target="_blank" rel="noopener noreferrer nofollow">SoSoValue</a>, the exchange-traded fund went through the outflows of up to $26.9947 million worth. The respective figure accounts for GBTC’s single-day outflow. On the other hand, Fidelity’s FBTC experienced inflows. SoSoValue asserted that the exchange-traded fund witnessed a fund inflow of approximately $6.5451 million worth.</p>
<h2 class="wp-block-heading" id="the-net-asset-worth-of-btc-etfs-expresses-a-positive-sentiment">The Net Asset Worth of BTC ETFs Expresses a Positive Sentiment</h2>
<p>The platform moved on to reflect on the overall scenario of the Bitcoin ETF market. It claimed that irrespective of the respective movements, the cumulative net asset worth of BTC spot ETFs stays optimistic. This value is currently standing at a substantial level of up to $51.872 billion. This implies that the investors still intend to have exposure to BTC via ETFs.</p>

BTC Spot ETFs See $20.4495M Worth of More Outflows on July 3

İçindekiler

BlockchainReporter

4 Tem 2024 tarihli diğer yazılar

Bitcoin Price Prediction: Big Drop Confirmed; Next Target $56000

Bitcoin Whale Transaction: BTC Price Drops $800 As Whale Transfers 1,800 BTCs To Binance!

All About EthCC 2024 at Brussels: Top Events to Attend

DWF Labs Introduces $20M Cloudbreak Fund

South Korea Ramps Up Oversight on Crypto Exchanges with New Monitoring System

BlockDAG’s $55.6M Presale Could Eclipse TRON and Chainlink with 30,000x ROI Potential in Upcoming...

Güncel kripto para haberleri için ücretsiz bültenimize abone olun!