Bitcoin ETFs Post $291M Outflows as BTC Tops $74K
Bitcoin ETFs saw $291 million in outflows despite BTC exceeding $74,000, with Fidelity leading the outflows.Summary
US-listed spot Bitcoin ETFs experienced $291 million in outflows on Monday, marking the largest daily outflow since March 27, even as Bitcoin's price surged past $74,000 to reach four-week highs near $75,000. The majority of these outflows, $229 million, came from the Fidelity Wise Origin Bitcoin Fund (FBTC). This outflow trend interrupted a generally positive period for Bitcoin ETFs, though the weakness was concentrated in specific funds. Despite the net outflows, BlackRock continued its streak with $35 million in inflows, and the Morgan Stanley Bitcoin Trust ETF also saw inflows since its launch. Overall, spot Bitcoin ETFs are now experiencing year-to-date outflows of approximately $160 million. In contrast, altcoin ETFs, including spot Ether ETFs, saw modest inflows, with Ether ETFs recording $9.4 million in inflows. The Crypto Fear & Greed Index rose slightly but remains in "extreme fear" territory.
(Source：Cointelegraph)