5️⃣ US spot Bitcoin ETFs saw a streak of positive net inflows end on Tuesday, with 11 funds experiencing a combined net outflow of $13.62 million.
📉 Grayscale's GBTC led the outflows, losing $32.38 million, followed by Bitwise's BITB with $6.76 million.
💰 On the flip side, BlackRock's IBIT gained $14.12 million in inflows, while Fidelity's FBTC saw $5.42 million coming in.
🚀 VanEck's Bitcoin fund reported $3.51 million in inflows, and Ark Invest and 21Shares' ARKB received $2.48 million each.
💼 Despite these movements, overall trading volume for these ETFs was under $1 billion on Tuesday, much lower than earlier this year.
📉 Bitcoin's price fell by 3.51% to $60,950 recently, despite bullish forecasts suggesting a potential rise to $100,000 by November.
💬 These fluctuations highlight the ongoing volatility in the crypto market, influenced by market dynamics and economic forecasts.
Stay tuned for more crypto insights! 👍
⚠️ Disclaimer: Cryptocurrency investments carry risks. Always do your research before investing.
