Investors withdrew
The Fidelity Bitcoin outflow was notable, but it was not the largest that was seen on the day, BlackRock’s fund accounted for most of the
Fidelity Bitcoin fund records first September outflow
Fidelity’s Wise Origin Bitcoin Fund [FBTC] started September with
What the data showed was that more money was withdrawn from the fund than invested during that session, but this does not mean Fidelity itself sold Bitcoin because it had turned against the asset. ETF flows reflect decisions made by investors who buy and sell shares in the fund.
The latest withdrawal also followed an up-and-down end to August. FBTC attracted
But despite the withdrawals observed, the overall flow remains positive, with FBTC having seen about
BlackRock drove most of the ETF decline
BlackRock’s iShares Bitcoin Trust [IBIT] recorded a much larger
The remaining funds reported no net movement.
The negative session came one day after spot Bitcoin ETFs collectively saw an inflow of
On
Spot Bitcoin ETFs have witnessed nearly
Final Summary
- Fidelity’s Bitcoin ETF recorded a $43.7 million outflow, while BlackRock led withdrawals with $201.2 million.
- This has brought total outflows for yesterday to $236.5 million, reducing most of the positive figures in the previous session when it saw inflows total $216.7 million.
