Bitcoin ETFs Experience Significant Outflows
On November 25, Bitcoin ETFs faced a $435 million outflow, marking the end of a streak that saw $3.3 billion in inflows. Data from Farside Investors revealed withdrawals from several funds, including BlackRock, Fidelity, and Bitwise.
Key Outflow Figures:
- BlackRock’s IBIT: $267.8 million inflow
- Fidelity’s FBTC: $134.7 million outflow
- Bitwise’s BITB: $280.7 million outflow
- Ark’s ARKB: $110.9 million withdrawals
- Invesco’s BTCO: $10.9 million outflow
- WTree’s HODL: $8.1 million outflow
- Grayscale’s GBTC: $158.2 million outflow
Market Analysis and Investor Sentiment
Analysts are currently evaluating whether these outflows signal profit-taking or a shift in market sentiment. Investors are keeping a close eye on the market’s approach to the $100,000 milestone amidst ongoing volatility.
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