Thanh_TDo
@thanhtdo
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Outflows from U.S. spot Bitcoin ETFs, or exchange-traded funds, surpassed $706 million this week as bears pushed Bitcoin to $53,304 — its lowest level since Aug. 5.
According to data from SoSoValue, the 12 spot Bitcoin ETFs logged $169.97 million in net outflows on Sep. 6, with Grayscale and Fidelity leading the pack.
Fidelity’s FBTC shed $85.5 million, with the fund experiencing negative flows for the past seven trading days.
Grayscale’s GBTC added to the exit liquidity, with $52.9 million leaving the fund, bringing total losses to over $20 billion since its inception. Over the past eight days, the fund has lost $279.9 million, continuing its outflow streak since Aug. 27.
Bitwise’s BITB saw outflows of $14.3 million
ARK 21Shares’ ARKB, $7.2 million
Grayscale’s Bitcoin mini trust, $5.5 million
Valkyrie’s BRRR, $4.6 million 0 reply
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