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Bitcoin ETF ends 10-day capital outflow, market sentiment recovers

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CoinWorld news: U.S. spot Bitcoin ETFs recorded a net inflow of $221.7 million amid soft economic data boosting market sentiment, ending a 10-day streak of outflows. Thursday’s inflow was the highest daily total in nearly two months, after investors withdrew nearly $2.7 billion over the past 10 trading days. Bitcoin briefly fell below $58,000 on Monday this week, but has since rebounded to above $61,000; it is recently trading near $62,500, up about 7.7% from the weekly low. Fidelity’s FBTC attracted $166 million in new funds, ARK 21Shares’ ARKB added $91.8 million, and VanEck’s HODL received $4.4 million. BlackRock’s IBIT saw an outflow of $40.4 million, continuing the outflow trend that has been ongoing since mid-June.
IBIT2.53%
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LanternSlippage
· 2h ago
FBTC has attracted a lot of money this time, and Fidelity's faith has been successfully recharged.
View OriginalReply0
SandwichAlertAgent
· 2h ago
Holding 58k is victory; ETF funds are the barometer.
View OriginalReply0
GateUser-de2a15eb
· 2h ago
ARKB nearly 100 million inflow, Cathie Wood's followers are back.
View OriginalReply0
ContrarianIndicatorBonsai
· 2h ago
The 10-day net outflow has finally stopped. Is market sentiment recovering?
View OriginalReply0
LateEntryLarry
· 2h ago
BlackRock's IBIT is still experiencing outflows, and institutions are also rebalancing their positions.
View OriginalReply0

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