Bloomberg: Bitcoin ETF outflows suspected to be injected into traditional U.S. stock trust funds
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Odaily reported that according to data compiled by Bloomberg, Bitcoin ETFs have seen outflows of around $2.1 billion over the past six consecutive days, marking the longest outflow period since June last year. The Fidelity Wise Origin Bitcoin Trust (FBTC) and the iShares Bitcoin Trust ETF (IBIT) have seen the largest outflows. Despite the outflows from Bitcoin ETFs, investors have taken the opportunity of the recent sell-off in the US stock market to pour nearly $7 billion into the Invesco QQQ Trust (QQQ) and the SPDR S&P 500 ETF Trust (SPY) in a single day. (bnnbloomberg)
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