Fidelity Bitcoin ETF’s $191 million outflow surpasses Grayscale as BlackRock records first redemptions
All spot Bitcoin ETFs recorded outflows for the first time on record with $563 million leaving funds.
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The global crypto market cap is $2.21 trillion, with a 24-hour volume of $91.89 billion. The price of Bitcoin is $59,056.15, and BTC market dominance is 52.7%. The price of Ethereum is $2,983.54, and ETH market dominance is 16.2%. The best-performing sector is Deflationary, which gained 20%. The Crypto Fear & Greed Index is currently Fear (43).
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Fidelity Bitcoin ETF’s $191 million outflow surpasses Grayscale as BlackRock records first redemptions
All spot Bitcoin ETFs recorded outflows for the first time on record with $563 million leaving funds.
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Lummis criticized the Department of Justice's (DOJ) latest legal interpretations, which argue that non-custodial software platforms — like wallets — might be regulated as money transmission services.
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I knew that the recent outflows from Bitcoin ETFs, particularly Fidelity's FBTC and Grayscale's GBTC, will signal a significant shift in investor sentiment amidst Bitcoin's price volatility but I may not have been certain.
It's interesting to see BlackRock's IBIT experiencing its first redemption since launch, adding another layer to the narrative. Overall, the data paints a complex picture of the cryptocurrency market's current dynamics. Thanks for sharing