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Bitcoin ETFs Inflows Tank 71% Amid BTC Crashing to $65,000


by CoinEdition

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Bitcoin ETFs Inflows Tank 71% Amid BTC Crashing to $65,000
  • All ten Bitcoin ETFs collectively amassed $198 million in inflows on Friday.
  • The figure marks a 71% decline from the $683.7 million recorded on March 13. 
  • This inflow was primarily propelled by the $155 million into Fidelity’s ETF FBTC.

Friday’s inflows to Bitcoin spot exchange-traded funds (ETFs) remain significantly lower than previous records amid the crypto market’s recent bearish volatility. This downturn correlated with Bitcoin’s recent nosedive to within the $65,000 threshold yesterday. Prominent Chinese reporter Colin Wu called attention to the development in a recent post on X.

According to data from tracking resources, all ten Bitcoin ETFs collectively amassed $198 million in inflows yesterday. The figure represents a substantial drop from previous inflow volumes. To put it into perspective, the $…

The post Bitcoin ETFs Inflows Tank 71% Amid BTC Crashing to $65,000 appeared first on Coin Edition.

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Bitcoin ETFs Inflows Tank 71% Amid BTC Crashing to $65,000


by CoinEdition

Share:

Bitcoin ETFs Inflows Tank 71% Amid BTC Crashing to $65,000
  • All ten Bitcoin ETFs collectively amassed $198 million in inflows on Friday.
  • The figure marks a 71% decline from the $683.7 million recorded on March 13. 
  • This inflow was primarily propelled by the $155 million into Fidelity’s ETF FBTC.

Friday’s inflows to Bitcoin spot exchange-traded funds (ETFs) remain significantly lower than previous records amid the crypto market’s recent bearish volatility. This downturn correlated with Bitcoin’s recent nosedive to within the $65,000 threshold yesterday. Prominent Chinese reporter Colin Wu called attention to the development in a recent post on X.

According to data from tracking resources, all ten Bitcoin ETFs collectively amassed $198 million in inflows yesterday. The figure represents a substantial drop from previous inflow volumes. To put it into perspective, the $…

The post Bitcoin ETFs Inflows Tank 71% Amid BTC Crashing to $65,000 appeared first on Coin Edition.

Read the article at CoinEdition

Share:

Share:

Read More

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Death Cross Hits Bitcoin, but Bulls Say Bottom May Be In

Crypto prices are under pressure as overall market sentiment turns sharply negative. ...
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