US Spot Bitcoin ETFs Record $643 Million Outflow
United States spot Bitcoin exchange-traded funds register $643.33 million in outflows, marking the largest single-day withdrawal since June 25.
United States spot Bitcoin exchange-traded funds recorded $643.33 million in net outflows, according to data reported by bloomingbit. The figures mark the largest single-day withdrawal from the funds since June 25.
Outflows Reach Multi-Month High
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The sharp withdrawal comes amid broader market shifts for institutional investment products tracking the cryptocurrency. The $643.33 million exit represents a significant reversal compared to recent sessions for the spot products.
Key facts
- US spot Bitcoin ETFs saw $643.33 million in outflows according to bloomingbit.
- The figure marks the largest daily withdrawal since June 25.
Source: news.google.com
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