📊 Breaking News: Large-scale Outflow from ETF Funds!
Fidelity's Bitcoin and Ethereum ETFs experienced the largest single-day withdrawals since their launch today!
-FBTC (Bitcoin ETF): -$258.7 million
-FETH (Ethereum ETF): -$147.7 million
According to Coinglass data, yesterday also marked the third-largest net outflow record for all Bitcoin ETFs since their inception!
Capital inflows and outflows are normal in the market; sometimes withdrawals may indicate that better buying opportunities are on the horizon!
These American retail investors buy during large rallies and sell during significant declines.
The first large outflow occurred on May 1, and the second on December 20; after that, Bitcoin rebounded significantly.
I believe there will be another wave of rebound, so hold on tight!