Bitcoin spot ETFs see $82M outflows; Fidelity's FBTC gains $14M amid market sell-off
Bitcoin spot ETFs experienced $82.2 million in outflows on June 17, continuing a trend of significant redemptions totaling over $4.4 billion in 13 days. Ethereum spot ETFs also saw $29.37 million in outflows the same day. However, Fidelity's Bitcoin fund, FBTC, stood out by attracting $14 million in inflows, showing resilience compared to competitors like BlackRock's IBIT. This highlights the volatile nature of crypto ETF investments and suggests FBTC may have a more loyal investor base amid market fluctuations.
Bitcoin spot ETFs experienced $82.2 million in outflows on June 17, continuing a trend of significant redemptions totaling over $4.4 billion in 13 days. Ethereum spot ETFs also saw $29.37 million in outflows the same day. However, Fidelity's Bitcoin fund, FBTC, stood out by attracting $14 million in inflows, showing resilience compared to competitors like BlackRock's IBIT. This highlights the volatile nature of crypto ETF investments and suggests FBTC may have a more loyal investor base amid market fluctuations.
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