True_
@cashierx1
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Bitcoin ETFs have faced significant outflows, totaling $541.1 million, due to the U.S. election uncertainty and market volatility ¹. However, BlackRock's IBIT defied this trend, attracting $38.4 million in inflows. This could indicate a broader shift in investor sentiment towards Bitcoin ETFs.
Notable Outflows:
- Fidelity's FBTC: $169.6 million
- Ark 21Shares' ARKB: $138.3 million
- Grayscale's BTC and Bitwise's BITB: $89.5 million and $79.8 million, respectively
- Grayscale's GBTC: $63.7 million
Stable Performers:
- Invesco's BTCO
- WisdomTree's BTCW
Despite these outflows, cumulative BTC ETFs have generated significant inflows since their launch, with volumes of $23 billion. BlackRock's IBIT alone recorded $26 billion in inflows. Bloomberg's Senior ETF analyst, Eric Balchunas, predicts that BTC ETFs might soon exceed Satoshi Nakamoto's holdings, potentially reaching this milestone in less than two weeks. 0 reply
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