🚫🚫 Attention 🐳🐳 Whales and ETFs are selling. Over $1.5 billion sold
🚫 BlackRock’s iShares Bitcoin ETF (IBIT) saw a record $188.7 million in outflows on Tuesday, raising concerns about the future implications for the crypto market.
🚫 Bitcoin exchange-traded funds (ETFs) in the United States have also seen outflows for four straight days, with Fidelity’s FBTC and Ark Invest’s ARKB funds continuing to underperform over the holiday period. In total, Bitcoin ETFs have seen over $1.5 billion in outflows over the past four days.