tldr; Bitcoin ETFs experienced $103.57 million in outflows on January 23, marking the fifth consecutive day of redemptions, with total outflows reaching $1.72 billion since January 16. BlackRock’s IBIT led withdrawals, while Fidelity’s FBTC also saw redemptions. The sustained sell-off has reduced total net assets under management from $124.56 billion to $115.88 billion. Ethereum ETFs also faced outflows, totaling $611 million over four days. The selling pressure has reversed gains from mid-January, impacting institutional investments in cryptocurrency ETFs.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Leave A Reply
Du musst angemeldet sein, um einen Kommentar abzugeben.
1 Kommentar
tldr; Bitcoin ETFs experienced $103.57 million in outflows on January 23, marking the fifth consecutive day of redemptions, with total outflows reaching $1.72 billion since January 16. BlackRock’s IBIT led withdrawals, while Fidelity’s FBTC also saw redemptions. The sustained sell-off has reduced total net assets under management from $124.56 billion to $115.88 billion. Ethereum ETFs also faced outflows, totaling $611 million over four days. The selling pressure has reversed gains from mid-January, impacting institutional investments in cryptocurrency ETFs.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.