Bitcoin ETFs post $398.62 million in daily outflows
BROBROK News · Based on reporting by DiarioBitcoin ·
U.S. spot Bitcoin ETFs recorded $398.62 million in net outflows on Monday, following $643.33 million in withdrawals on Friday. Over two trading sessions, the funds saw more than $1.04 billion leave, with BlackRock’s IBIT accounting for most of the redemptions.
Key points
- IBIT, BlackRock’s fund, had $405.30 million in outflows.
- Fidelity’s FBTC posted a $6.68 million inflow.
- Ether ETFs saw $139.80 million in net outflows.
- Zcash, HYPE and XRP-linked products also ended the day in negative flow territory.
- Solana and NEAR products showed no net flows on Monday.
Why it matters
ETF flows are a key gauge of institutional demand for crypto assets. Two straight sessions of heavy redemptions point to short-term pressure, but they do not by themselves confirm a longer trend.
Original headline: “ETF de Bitcoin pierden USD $398,62 millones y acumulan salidas por más de USD $1.040 millones”
Read the original on DiarioBitcoin
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.