Bitcoin ETFs had their worst day in months-but a fund stood out

Bitcoin ETFs had their worst day in months-but a fund stood out


The winning streak of the US Bitcoin Spot ETFs came to an abrupt end on Thursday, as an investor over $ 358 million-the strongest decline in day since March.

After ten consecutive days with netrefuses The dynamics turned abruptly and ended the housese, which had brought in more than $ 4 billion.

Most funds wrote red numbers. Fidelity's Bitcoin ETF suffered the hardest blow, followed by considerable drains at Grayscale, Ark/21shares and BitWise. Even smaller actors such as Vaneck and Franklin Templeton were not spared.

But despite the sale, the Ibit of Blackrock continued to raise capital. He was the only ETF in the group that recorded net inflows and gained $ 125 million, while other losses had to accept. This alone underlines the growing preference of investors for the product of Blackrock.

The entire ETF trade rose to over $ 5.3 billion that day, which, despite the drains, reflects an increased market activity. The combined net inflows of all Bitcoin ETFs went back to almost $ 45 billion.

Bitcoin himself gave in and fell to around $ 104,000, while Ethereum slipped more to $ 2,500.

Interestingly, Spot ethereum-ETFs moved in the opposite direction-they continued their own winning streak for nine days and recorded an inflow of almost $ 92 million in fresh capital.

Alexander has been working in the crypto industry for three years and has made a name for himself during this time through his active participation in observing the market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional obligation, but a deep personal passion. He follows the news from the industry every day, analyzes trends and is enthusiastic about every new step in the development of blockchain solutions. His enthusiasm drives him to constantly learn and share his knowledge because he sees the future in the digital financial world and its role in global transformation.


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Jayd Johnson