Bitcoin Spot ETF 8-D Inflow Ends, Loses $127.1 M Amid Crash

Author: Elena R

Elena R

Author

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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Aug 28, 2024 12:26

For the first time since its inception, the Bitcoin ETF has recorded zero inflow over the past 24 hours. Notably, Blackrock, Fidelity, Invesco, Franklin, Valkyrie, VanEck, WTree, and Grayscale’s “BTC” have recorded a neutral flow. On the flip side, Ark’s “ARKB” has recorded the highest outflow with $102 Million, followed by Grayscale’s “GBTC” with $18.3 Million, and Bitwise’s “BIBT” with $6.8 Million. With this, the total outflow for 27th August concluded at -$127.1 Million.