Bitcoin Spot ETF Loses Over $1 Billion In 8 Days!

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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Sep 9, 2024 13:28

Reportedly, the U.S. BTC ETF has recorded the longest streak of consecutive outflows with 8 days and counting. During this period, the 11 ETFs have witnessed an outflow of $1.185.9 billion, making it the highest outflow since its inception this year. Notably, Blackrock’s “IBIT” has recorded the highest outflow with $459.3 million, followed by Grayscale’s “GBTC” with $269.9 million.