Bitcoin ETFs in the United States experienced a noteworthy decline in outflows on May 2nd, marking a departure from the previous day’s record-breaking numbers. While a net outflow of $34.4 million was recorded, it pales in comparison to the staggering $563.7 million witnessed earlier. Notably, BlackRock and Fidelity’s Bitcoin ETFs saw stagnant net flows, reflecting a typical occurrence in the ETF landscape, as noted by analyst James Seyffart from Bloomberg.·
For the full story, head over to TheCurrencyAnalytics.com.