Bitcoin exchange-traded funds (ETFs) saw a $435 million outflow on November 25th, bringing an end to a $3.3 billion inflow streak. According to data from Farside Investors, several funds experienced significant withdrawals, including those from BlackRock, Fidelity, and Bitwise. BlackRock’s IBIT reported inflows of $267.8 million, while Fidelity’s FBTC saw outflows totaling $134.7 million.
Bitwise’s BITB faced outflows of $280.7 million, and Ark’s ARKB reported withdrawals of $110.9 million. Invesco’s BTCO and WTree’s HODL experienced outflows of $10.9 million and $8.1 million, respectively. Grayscale’s GBTC had an outflow of $158.2 million, contributing to the overall decline. Analysts are trying to determine if these outflows represent profit-taking or a potential shift in market sentiment.
Investors are closely watching the approach to the $100,000 milestone amid ongoing market volatility. In summary, Bitcoin ETFs experienced a $435 million outflow on November 25th, ending a $3.3 billion inflow streak. Several funds, including those from BlackRock, Fidelity, and Bitwise, saw significant withdrawals.
Analysts are trying to determine if these outflows indicate profit-taking or a shift in market sentiment.
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