The U.S. Bitcoin ETF now has a record net outflow of US$680 million, and both the Ethereum ETF and the Ethereum ETF have experienced daily net capital inflows.
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The cryptocurrency market saw a correction this week, with Bit (BTC) accumulating a decline of over 5% this week, with the price at $96,700 as of the editorial deadline. ETH also fell nearly 15%, with a price of $3,330. Major cryptocurrency exchange-traded funds (ETFs) also saw a pause in the continuous inflow of funds amid the continued decline in the currency market.
According to data compiled by SoSoValue, the US Bit (BTC) spot ETF recorded a net outflow of $680 million on Thursday, setting a new single-day net outflow record and ending a 15-trading-day streak of net inflows.
The Fidelity-issued FBTC fund saw the highest net outflow amount, at around $209 million, setting a new single-day net outflow record for the fund. The Grayscale Bit (BTC) Mini Trust Fund (BTC) was next, with around $189 million, also setting a new single-day net outflow record. The largest iShares Bit (BTC) Trust Fund (IBIT) saw zero net fund flow.
Among these 12 Bit (BTC) ETFs, only the WisdomTree-issued BTCW fund saw a net inflow on Thursday, of $2.05 million.
Additionally, the US ETH spot ETF recorded a net outflow of $60.47 million on Thursday, ending an 18-trading-day streak of net inflows. The Grayscale-issued ETHE fund saw the highest net outflow, at $58.13 million.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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