On Thursday, Cathie Wood's ARK Invest fully divested its holdings in the ProShares Bitcoin Strategy ETF (BITO), marking a significant move in the cryptocurrency investment landscape. This divestment coincides with a broader trend of substantial outflows from Bitcoin ETFs, which saw $218 million withdrawn on Friday, marking one of the worst outflow days for Bitcoin ETFs. Despite these outflows, the price of Bitcoin has maintained stability, holding firmly above $64,000. Notably, Fidelity's Bitcoin ETF experienced its first-ever outflow on Thursday, with $22.6 million leaving the fund.
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WhalePanda
Yesterday's ETF flows by @FarsideUK were negative once again, with $83.6 million of outflows. $GBTC had $82.4 million of outflows. Fidelity did $2.8 million of outflows, Bitwise $3.8 million. Blackrock holding at 0 for 3rd day in a row. Price dumped after hours because of DTC… https://t.co/ocUF6zUroH
Cointelegraph Regulators are cracking the whip on crypto, and the spot BTC ETF flows appear to have reached a top, but Bitcoin price is holding steady. @noshitcoins explains why. https://t.co/yLc56F5lBp
Decrypt Investors pulled $218 million out of Bitcoin ETFs yesterday in the wake of weak U.S. economic news. https://t.co/kF7k9cwlUq
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