May 22, 2024

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Record Withdrawal From US Bitcoin ETFs Marks Largest Single-Day Outflow

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Record Withdrawal From US Bitcoin ETFs Marks Largest Single-Day Outflow
Record Withdrawal From US Bitcoin ETFs Marks Largest Single-Day OutflowOn May 1, 2024, U.S. spot bitcoin ETFs experienced their most significant single-day outflows since their inception on Jan. 11, 2024. ETF Institute Co-Founder: ‘Inflows Don’t Go up in a Straight Line’ Data sourced from coinglass.com reveals that these funds saw a withdrawal of $563.7 million on Wednesday, with Fidelity’s FBTC experiencing the highest outflow, […]