🚀 Bitcoin ETFs Experience Turbulent Week Amid Economic Uncertainty 🌪️

The second week of trading for spot Bitcoin ETFs saw significant withdrawals, with nearly $240 million exiting the financial vehicles. Fidelity’s FBTC was hit hardest, losing over $104 million, bringing its total AUM down to $9.8 billion. Ark Invest’s ARKB and Grayscale’s GBTC followed, with outflows of $87.7 million and $45.9 million, respectively.

However, it wasn’t all doom and gloom! 🌈 BlackRock’s IBIT bucked the trend, attracting nearly $43 million in inflows, pushing its total AUM to almost $21 billion.

Despite the overall red week, Bitcoin enthusiasts remain optimistic about BTC’s long-term potential! 🌟