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Bitcoin ETFs Lose Over $635 million In One Day Following Oil Price Spike

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Mathew Di Salvo.

Investors this week were buying bitcoin ETFs but that all changed on Thursday.

Key facts

Summary

U.S. investors quickly reversed course on Thursday, cashing out over half a billion dollars from spot bitcoin exchange-traded funds as risk-off sentiment surfaced again. A total of $635.6 million left the funds on Thursday, data from Farside Investors shows. The coin has since rebounded and was recently trading for nearly $81,669, down 1% over a 24-hour period. BlackRock’s iShares Bitcoin Trust saw the biggest outflows, with investors cashing out over $254 million.

Read full article at Bitcoin Magazine →

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