Crypto News

Outflows in U.S. Spot Bitcoin ETFs Yesterday, the U.S. spot Bitcoin ETF market saw a considerable amount of outflows, totaling $287 million. This was a significant decrease from the previous day's inflows, which totaled $349 million. The majority of ETFs experienced outflows, with only one exception being BlackRock, which reported no withdrawals. This could be attributed to the recent dip in Bitcoin prices, causing investors to sell off their holdings in ETFs. BlackRock Remains Steady BlackRock, the world's largest asset manager, remains steady in the midst of the market's outflows. With a market cap of over $10 trillion, BlackRock's lack of withdrawals shows confidence in their Bitcoin ETF product. This could also be a reflection of their conservative and long-term investment approach, as they have previously expressed their belief in the long-term potential of Bitcoin. Trending Hashtags and Crypto Tickers As the market continues to closely watch the...