Investor interest in spot Bitcoin exchange-traded funds (ETFs) appears to be waning, with outflows totaling $218 million in the past day. According to data from Farside Investors, BlackRock's IBIT Bitcoin ETF experienced its second consecutive day of zero flows, while Fidelity's FBTC saw its first daily net outflow, totaling $23 million.
Fidelity's spot Bitcoin ETF records an outflow for the first time.
Several other U.S. bitcoin funds reported daily outflows while BlackRock's ETF posted another day of zero flows.
In the volatile world of cryptocurrency investing, BlackRock's Bitcoin exchange-traded fund (ETF) has recently made headlines, but not for the reasons its investors might hope. After a remarkable streak of 71 consecutive days of inflows, the ETF abruptly saw its fortunes change, signaling a potential shift in market sentiment.
BlackRock Bitcoin ETF faces zero flows for 2 consecutive days when other ETFs are also gloomy.
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