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Bitcoin ETFs Saw $411.9 Million in Net Outflows on Friday
(2 hours ago) · 1 source · Summarized by CryptoBipto
U.S. spot Bitcoin ETFs recorded net outflows of $411.9 million on a single trading day. BlackRock's Bitcoin ETF was reportedly a major contributor to the outflows. The selling marked one of the larger single-day withdrawals from Bitcoin ETFs.
WHY IT MATTERS
An ETF, or exchange-traded fund, is a product that lets people invest in an asset like Bitcoin through a regular brokerage account, without having to buy or store the cryptocurrency directly.
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SOURCES
- newsbtc.com
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