Bitcoin ETFs recorded a second straight day of outflows on Tuesday, with $200 million exiting the 11 spot products in the U.S., the highest since May 1. Grayscale’s GBTC, as it often is, was the worst affected, with outflows of $120 million. ARK 21Shares’ ARKB, Bitwise’s BITB and VanEck’s HODL’s outflows ranged from $57 million to $7 million. “Markets are [in] risk-off mode ahead of CPI and FOMC tomorrow. This month’s FOMC will also release the Dot Plot, which informs the market how many cuts the Fed anticipates for the rest of 2024,” Singapore-based QCP Capital said in a Tuesday broadcast message. However, the firm added that its long-term view is bullish “despite short-term headwinds.”
Related posts
-
Bitcoin ETFs Pull in Nearly Half a Billion as Ethereum ETFs Join the Party
On Friday, U.S. spot bitcoin exchange-traded funds (ETFs) continued their upward momentum, raking in a sizable... -
Analysts Who Correctly Predicted Bitcoin March ATH Forecasts What Happens Next
Este artículo también está disponible en español. 10xResearch analysts who had correctly predicted the Bitcoin price... -
NFT Sales Climb 4.87% as Ethereum and Bitcoin Collectibles Dominate
NFT sales saw a solid increase this week, climbing 4.87% from the previous period to reach...