On February 7th, COINOTAG News reported a significant development in the cryptocurrency market, highlighting a notable shift in investments associated with Bitcoin exchange-traded funds (ETFs) in the United States. According to Farside Investors, the US Bitcoin spot ETF experienced a substantial net outflow of $140 million. Among the most affected were BlackRock’s IBIT fund, which recorded no new inflows, while Fidelity’s FBTC saw a staggering net outflow of $103 million. Additionally, Grayscale’s GBTC reported a net outflow of $42.2 million, contrasting with a modest net inflow of $5.2 million for Grayscale’s Bitcoin Mini BTC. These movements may indicate investor caution amidst regulatory developments and market volatility, underscoring the importance of closely monitoring crypto market trends.
Source: https://en.coinotag.com/breakingnews/us-bitcoin-spot-etf-experiences-140-million-net-outflow-amid-mixed-fund-flows/