US SPOT Bitcoin Stock Exchange Investment Funds (ETFs) recorded a net output of more than half billion dollars on Monday and pointed out the fifth largest withdrawal since its first release in January 2024.
Bitcoin ETFs saw over $ 500 million daily in the midst of the collapse in the crypto market
Total net outputs for Spot Bitcoin ETFs have reached $ 516.4 million, and the numbers for Ark Invest’s ARKB ETF are still waiting. Those who lead the exits:
- Fidelity’s FBTC: $ 247 million output
- Blackrock’s IBIT: $ 158.6 million output
- GRAYSCALE’S GBTC: 59.5 million dollars output
These five -day BTC ETF net outputs series are currently reaching a total of $ 1.07 billion, the longest exit period since launch.
To date, the largest daily output took place on December 19, 2024, and after Bitcoin corrected $ 108,000, the highest level of all time, it was out of funds of $ 671.9 million.
Meanwhile, Ethereum ETFs faced a net output of $ 78 million on Monday, and Blackrock’s ETHA led the decline. The three -day series of Ethereum ETF outputs is now $ 100 million.
Analysts: The market needs fresh demand for return
BRN analyst Valentin Fournier claimed that the first wave of crypto ETF investors may have been completely allocated.
Fournier, “The output series continues in crypto ETFs, which has been released, indicating the longest -term firefighter since they have been released. In the future, ETFs will need a new demand or a wider market catalyst to revive the entrances, ”he said
Despite the recent outlets, total cumulative net entries to Bitcoin ETFs exceed $ 39 billion and there is a total of $ 111 billion -dollar asset (AUM).
The trading volume for Bitcoin ETFs rose to 3.8 billion dollars on Monday, but remained well below the $ 9.9 billion, which is the highest level of $ 9.5 billion on January 23rd and the highest level of all times on March 5th.
*It is not an investment advice.
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Source: https://www.bitcoinsistemi.com/abd-spot-bitcoin-borsa-yatirim-fonlari-etfler-piyasaya-surulmesinden-bu-yana-en-buyuk-5-cikisini-yasadi-iste-detaylar/
