Bitcoin ETFs End 12-Day Inflow Streak Amidst Ethereum ETF Launch
The post Bitcoin ETFs End 12-Day Inflow Streak Amidst Ethereum ETF Launch appeared first on Coinpedia Fintech News
On Tuesday, July 12, the spot Bitcoin ETFs in the United States registered net negative outflows after seeing 12 days of consecutive inflows. Except for BlackRock’s IBIT, all other ETFs have either registered zero inflows or net outflows. Fidelity’s FBTC led with the highest outflows of more than $70 million. Ark Invest’s ARKB also registered $50 million in net outflows while Grayscale’s GBTC saw $27 million in net outflows. Some market analysts believe that the outflows into Bitcoin ETFs came as the money flowed partially into the spot Ethereum ETFs registering a $107 million inflow on debut.
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