HOOD - Bitcoin Spot ETFs See $146M Outflows On Monday For 5th Outflow Day In 6 | Benzinga
Bitcoin (CRYPTO: BTC) spot Exchange-Traded Funds (ETFs) experienced net outflows totaling $146 million on June 17.
What Happened: This marks the fifth time in six days that net outflows have been recorded, highlighting ongoing market volatility and investor uncertainty, according to data from SoSo Value.
Fidelity‘s (BATS:FBTC) led the withdrawals with $92 million, followed by ARK 21Shares Bitcoin ETF (BATS:ARKB) with $50 million in outflows.
The recent trend of net outflows from Bitcoin spot ETFs signals a shift in investor sentiment as market conditions continue to fluctuate.
Arthur Hayes, co-founder of BitMEX, provided further context in a recent interview.
Hayes speculated on the potential launch of a Dogecoin ETF before ...