Bitcoin ETFs Face High Outflows Despite Market Growth.

Bitcoin ETFs Face High Outflows Despite Market Growth.


Published Saturday 4th May 2024

Bitcoin exchange-traded funds (ETFs) in the US have been experiencing high outflows recently, despite the overall growth of the market. Major players in the field, such as BlackRock's IBIT and Fidelity's FBTC, have seen significant withdrawals totaling millions of dollars. The outflows have been persistent, with Grayscale's GBTC facing the largest hit. This trend is indicative of investor sentiment towards these particular ETFs.

Even with the involvement of renowned firms, the outflows from Bitcoin ETFs have not shown signs of abating. Grayscale's GBTC, which has been a dominant player in terms of assets under management, is now facing a significant challenge. BlackRock's IBIT, on the other hand, has been gaining ground and challenging GBTC's dominance. This shift in the market dynamics could signal a changing landscape for Bitcoin ETFs.

Crypto News & Headlines

US Feds Arrest Two Chinese Nationals For $73M 'Pig Butchering' Crypto Scam


The U.S. Department of Justice charged two Chinese nationals for laundering $73 million in a cryptocurrency scam.

Trending on 18th May 2024 01:49 AM

Solana Named Fastest Blockchain By CoinGecko, Surpassing Ethereum And Polygon


CoinGecko reports Solana as the fastest major blockchain, processing 91 million transactions daily, significantly outpacing Ethereum and Polygon.

Trending on 18th May 2024 12:01 AM

ZkSync Teases June Token Airdrop With V24 Upgrade


zkSync, an Ethereum Layer-2 network, announced a governance token airdrop for the end of June, alongside its v24 upgrade, signifying complete decentra

Trending on 17th May 2024 08:29 PM

Bitcoin ETFs Gain Massive Interest With Hundreds Of Firms Investing Billions


Financial giants like Morgan Stanley, BlackRock, and investment firms are heavily investing in spot Bitcoin ETFs, driving a surge in trading volumes a

Trending on 17th May 2024 07:46 PM

Oklahoma Enacts Historic Bitcoin Rights Legislation


Oklahoma has passed a landmark bill protecting residents' rights to self-custody digital assets, including Bitcoin, effective Nov. 1.

Trending on 17th May 2024 07:35 PM