[[{“value”:”Following a dramatic 10% drop in the price of Bitcoin, which momentarily settled below $50,000 before recovering to about $54,000, Bitcoin exchange-traded funds (ETFs) suffered large outflows on Tuesday, totaling almost $168 million. This is the second straight day of significant withdrawals, resulting in $405 million in weekly total outflows.
Each losing around $69 million, Grayscale’s Bitcoin Trust (GBTC) and ARK Invest’s ARK Invest drew the most withdrawals. Fidelity’s FBTC followed with $58 million outflows, or six straight days of withdrawals for this fund. By contrast, Ethereum ETFs saw around $49 million in inflows on the same day, suggesting a change in investor mood.
Broader Market Turbulence Contributes To Volatility
The withdrawals matched more general market volatility driven by geopolitical concerns and unsatisfactory US economic data, hence adding to the volatility in crypto markets. With Bitcoin ETFs accounting for more than $5 billion of the entire tr
We współpracy z: https://bitcoinist.com/bitcoin-etfs-suffer-168-million-hemorrhage-amid-market-mayhem/
