๐Party's over folks!๐ U.S.-listed Bitcoin ETFs saw a whopping $226M outflow on Thursday. That's the 3rd day this week!๐ฑ Reminds me of that end of April exodus.
Fidelity's FBTC took the biggest hit with $106M withdrawal. Grayscale's GBTC and Ark Invest's ARKB weren't far behind with $62M and $53M outflows respectively.๐
But hey, not all was doom and gloom! BlackRock's IBIT actually saw an $18M inflow.๐ Valkyrie, Franklin Templeton, Hashdex and WisdomTree? No action there.๐คทโโ๏ธ
Wednesday was the only day with net inflow, adding $100M. All this amidst a volatile week for Bitcoin and the crypto market, thanks to the U.S. inflation report and Fed meeting.
In total, $564M was taken out in three days. That's half of the $1.2B taken out in six days at the end of April.
U.S. inflation was lower than expected, briefly pushing Bitcoin to $70K from $68K before it fell back under $67K. Traders probably cashed in on the spike.๐ฐ
What's your take on this rollercoaster ride?๐ข Share your thoughts below! #DeFi #Web3 #CryptoNews